Methods, software programs, and systems for managing one or more liabilities
First Claim
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1. A computer implemented method for structuring a variable rate municipal bond, comprising:
- setting by a computer a predetermined expected principal amortization period for the variable rate municipal bond;
setting by a computer a budgeted debt service for the variable rate municipal bond, wherein the budgeted debt service minus a predetermined interest equals an actual principal paid;
adjusting by a computer the predetermined expected principal amortization period to the extent that the actual principal remains to be paid; and
setting by a computer the budgeted debt service based on a savings versus debt service associated with a fixed interest rate on a bond which is similarly structured to the variable rate municipal bond.
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Abstract
The present invention relates to various methods, software programs, and systems for managing one or more liabilities. More particularly, certain embodiments of the present invention relate to methods, software programs, and systems for managing debt in the form of at least one credit issued by a borrower.
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Citations
18 Claims
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1. A computer implemented method for structuring a variable rate municipal bond, comprising:
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setting by a computer a predetermined expected principal amortization period for the variable rate municipal bond; setting by a computer a budgeted debt service for the variable rate municipal bond, wherein the budgeted debt service minus a predetermined interest equals an actual principal paid; adjusting by a computer the predetermined expected principal amortization period to the extent that the actual principal remains to be paid; and setting by a computer the budgeted debt service based on a savings versus debt service associated with a fixed interest rate on a bond which is similarly structured to the variable rate municipal bond. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer implemented method for structuring a variable rate municipal bond, comprising:
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setting by a computer a predetermined expected principal amortization period for the variable rate municipal bond; setting by a computer an expected debt service for the variable rate municipal bond, wherein the expected debt service minus a predetermined interest equals an actual principal paid; and adjusting by a computer the predetermined expected principal amortization period to the extent that the actual principal remains to be paid; wherein the expected debt service that is set utilizing a computer is based on; i) the predetermined expected principal amortization period and a target interest rate that is substantially between an initial interest rate on the variable rate municipal bond and a fixed interest rate on a bond which is similarly structured to the variable rate municipal bond. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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Specification