公开(公告)号：US20070271164A1

公开(公告)日：2007-11-22

申请号：US10597882

申请日：2004-10-06

申请人： Barry Finkelstein ,  Brian Barrett ,  Steve Padovano ,  Linda Lowry ,  Marlene Debel ,  Eric Steifman ,  Thomas Visone ,  John Fromholtz ,  Russell Stein

发明人： Barry Finkelstein ,  Brian Barrett ,  Steve Padovano ,  Linda Lowry ,  Marlene Debel ,  Eric Steifman ,  Thomas Visone ,  John Fromholtz ,  Russell Stein

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06

摘要： A first trust sells a credit derivative to a second trust, and in this way provides for funding of the second trust and thus provides bankruptcy protection to the second trust. The first trust sells notes linked to the credit of a sponsor. With the proceeds the first trust purchases bonds with very little risk, such as US treasury bonds. At the end of a specified period, such as five years, and in the absence of a bankruptcy of the sponsor, the first trust liquidates the bonds and redeems the notes. In the event of a bankruptcy of the sponsor, the bonds are liquidated and a predetermined portion, such as two-thirds, of the proceeds arc used to redeem the notes, while the remainder of the proceeds are transferred to a second trust pursuant to the credit derivative. The second trust funds indemnification and defense-like protection for the directors and officers of the sponsor. In the event that proceeds remain after claims are processed, the remainder is donated to a charity.

摘要翻译： 第一个信托向第二个信托出售信用衍生产品，以这种方式为第二个信托提供资金，从而为第二个信托提供破产保护。 第一个信托销售与赞助商信用相关的票据。 随着收益，第一笔信托购买风险很小的债券，如美国国债。 在特定期限结束时（如五年），在发起人没有破产的情况下，第一笔信托清算债券并赎回票据。 在发起人破产的情况下，债券被清算，预定部分（如三分之二）的收益用于赎回票据，而剩余的收益转入第二信托依据 信用衍生工具 第二信托基金为保荐人的董事和高级管理人员提供赔偿和防御保护。 如果处理索赔后收益仍然存在，其余部分将捐赠给慈善机构。

公开(公告)号：US20050197934A1

公开(公告)日：2005-09-08

申请号：US10711810

申请日：2004-10-06

申请人： Barry Finkelstein ,  Brian Barrett ,  Steve Padovano ,  Linda Lowry ,  Marlene Debel ,  Eric Steifman ,  Thomas Visone ,  John Fromholtz ,  Russell Stein

发明人： Barry Finkelstein ,  Brian Barrett ,  Steve Padovano ,  Linda Lowry ,  Marlene Debel ,  Eric Steifman ,  Thomas Visone ,  John Fromholtz ,  Russell Stein

IPC分类号： G06F17/60

CPC分类号： G06Q40/06

摘要： A first trust sells a credit derivative to a second trust, and in this way provides for funding of the second trust and thus provides bankruptcy protection to the second trust. The first trust sells notes linked to the credit of a sponsor. With the proceeds the first trust purchases bonds with very little risk, such as US treasury bonds. At the end of a specified period, such as five years, and in the absence of a bankruptcy of the sponsor, the first trust liquidates the bonds and redeems the notes. In the event of a bankruptcy of the sponsor, the bonds are liquidated and a pre-determined portion, such as two-thirds, of the proceeds are used to redeem the notes, while the remainder of the proceeds are transferred to a second trust pursuant to the credit derivative. The second trust funds indemnification and defense-like protection for the directors and officers of the sponsor. In the event that proceeds remain after claims are processed, the remainder is donated to a charity.

摘要翻译： 第一个信托向第二个信托出售信用衍生产品，以这种方式为第二个信托提供资金，从而为第二个信托提供破产保护。 第一个信托销售与赞助商信用相关的票据。 随着收益，第一笔信托购买风险很小的债券，如美国国债。 在特定期限结束时（如五年），在发起人没有破产的情况下，第一笔信托清算债券并赎回票据。 在发起人破产的情况下，债券将被清算，预先确定的部分（如三分之二）的收益用于赎回票据，而其余的收益转入第二个信托 信用衍生工具。 第二信托基金为保荐人的董事和高级管理人员提供赔偿和防御保护。 如果处理索赔后收益仍然存在，其余部分将捐赠给慈善机构。