Managing an investment vehicle
First Claim
1. A method for investing, comprising the steps of:
- purchasing at least one debt instrument from an investment vehicle;
participating in the investment of the proceeds of multiple debt instruments in assets having associated credit qualities, the debt instruments being issued from the investment vehicle to a plurality of investors and having different liability characteristics;
prompting the periodic calculating in a non-transitory memory of a computer of a reevaluation of the liabilities on the debt instruments and the credit quality of the assets, to ensure that cash flows generated by the assets, disregarding fair market value of the assets, will be sufficient to pay timely principal and interest on the liabilities; and
in response to the reevaluation, prompting the calculating in a non-transitory memory of a computer, an adjustment of a capital structure of the investment vehicle to maintain a desired agency rating for the debt instruments; and
receiving a payment from the investment vehicle.
1 Assignment
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Accused Products
Abstract
A method for managing an investment vehicle. The investment vehicle issues multiple debt instruments to a plurality of investors. The debt instruments have different liability characteristics. The proceeds of the debt instruments are invested in assets. From time to time, liabilities on the debt instruments and the credit quality of the assets is reevaluated, to ensure that the cash flows generated by the portfolio, disregarding fair market value of the assets, will be sufficient to pay timely principal and interest on the liabilities based on the evaluation criteria of two different rating agencies. In response to the reevaluating, the capital structure of the investment vehicle is adjusted to maintain a desired agency rating for the debt instruments.
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Citations
21 Claims
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1. A method for investing, comprising the steps of:
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purchasing at least one debt instrument from an investment vehicle; participating in the investment of the proceeds of multiple debt instruments in assets having associated credit qualities, the debt instruments being issued from the investment vehicle to a plurality of investors and having different liability characteristics; prompting the periodic calculating in a non-transitory memory of a computer of a reevaluation of the liabilities on the debt instruments and the credit quality of the assets, to ensure that cash flows generated by the assets, disregarding fair market value of the assets, will be sufficient to pay timely principal and interest on the liabilities; and in response to the reevaluation, prompting the calculating in a non-transitory memory of a computer, an adjustment of a capital structure of the investment vehicle to maintain a desired agency rating for the debt instruments; and receiving a payment from the investment vehicle. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for investing, comprising the steps of:
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purchasing at least one debt instrument from an investment vehicle; participating in the investment of the proceeds of multiple debt instruments in assets having associated credit qualities, the debt instruments being issued from the investment vehicle to a plurality of investors and having different liability characteristics; prompting the periodic calculating in a non-transitory memory of a computer of a reevaluation of the liabilities on the debt instruments and the credit quality of the assets, to ensure that cash flows generated by the assets will be sufficient to pay timely principal and interest on the liabilities based on evaluation criteria of two different rating agencies; and in response to the reevaluation, prompting the calculating in a non-transitory memory of a computer, an adjustment of a capital structure of the investment vehicle to maintain desired agency ratings for the debt instruments; and receiving a payment from the investment vehicle. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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Specification