公开(公告)号：US07219079B2

公开(公告)日：2007-05-15

申请号：US10476705

申请日：2002-08-12

申请人： James R. Birle, Jr. ,  David K Dolan ,  Jeffrey N. Edwards ,  Yonathan Epelbaum ,  Frederick J. Fiddle ,  Emerson P. Jones ,  Stuart C. Kaperst ,  Todd K. Kaplan ,  Daniel Y. Kerstein ,  Dragomir Kolev ,  Richard P. Luciano ,  Thomas H. Patrick, Jr. ,  Paul A. Pepe ,  Eric Steifman ,  Russell L. Stein ,  Brennan J. Warble ,  Richard J. Green ,  Robert A Rudnick ,  Frank R Strong

发明人： James R. Birle, Jr. ,  David K Dolan ,  Jeffrey N. Edwards ,  Yonathan Epelbaum ,  Frederick J. Fiddle ,  Emerson P. Jones ,  Stuart C. Kaperst ,  Todd K. Kaplan ,  Daniel Y. Kerstein ,  Dragomir Kolev ,  Richard P. Luciano ,  Thomas H. Patrick, Jr. ,  Paul A. Pepe ,  Eric Steifman ,  Russell L. Stein ,  Brennan J. Warble ,  Richard J. Green ,  Robert A Rudnick ,  Frank R Strong

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q20/102 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q40/10 ,  G06Q40/12

摘要： A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a predetermined value such as, for example, a certain percentage of the accredited value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g., the underlying security, the reference security, etc.) is below, higher than, or equal to a pre-determined value.

摘要翻译： 可转换金融工具为持有人保留未偿付工具提供激励，使发行人保持对文书到期日的灵活性和控制权及其解决方式。 该文书可能为发行人提供扣除金融工具实际经济成本的税款用途的能力。 在某些情况下，该文书可能包含一项要求支付（包括或有利益，优先分配，或有负债，股息和其他支出）的条款，这可能是基于公式计算的。 例如，当可换股票据的交易价值超过预定值，例如可换股票据的认可价值的一定百分比，或者例如可能触发或有支付的另一种情况时，可能会出现这种情况 当另一个金融工具的价格（例如，基础证券，参考证券等）低于，高于或等于预定价值时。

公开(公告)号：US07987129B2

公开(公告)日：2011-07-26

申请号：US10064745

申请日：2002-08-12

申请人： James R. Birle, Jr. ,  David K. Dolan ,  Jeffrey N. Edwards ,  Yonathan Epelbaum ,  Frederick J. Fiddle ,  Emerson P. Jones ,  Stuart C. Kaperst ,  Todd K. Kaplan ,  Daniel Y. Kerstein ,  Dragomir K. Kolev ,  Richard P. Luciano ,  Thomas H. Patrick, Jr. ,  Paul A. Pepe ,  Eric Steifman ,  Russell L. Stein ,  Brennan J. Warble ,  Richard J. Green ,  Robert A. Rudnick ,  Frank R. Strong

发明人： James R. Birle, Jr. ,  David K. Dolan ,  Jeffrey N. Edwards ,  Yonathan Epelbaum ,  Frederick J. Fiddle ,  Emerson P. Jones ,  Stuart C. Kaperst ,  Todd K. Kaplan ,  Daniel Y. Kerstein ,  Dragomir K. Kolev ,  Richard P. Luciano ,  Thomas H. Patrick, Jr. ,  Paul A. Pepe ,  Eric Steifman ,  Russell L. Stein ,  Brennan J. Warble ,  Richard J. Green ,  Robert A. Rudnick ,  Frank R. Strong

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q20/102 ,  G06Q40/00 ,  G06Q40/06

摘要： A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a pre-determined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g., the underlying security, the reference security, etc.) is below, higher than, or equal to a pre-determined value.

摘要翻译： 可转换金融工具为持有人保留未偿付工具提供激励，使发行人保持对文书到期日的灵活性和控制权及其解决方式。 该文书可能为发行人提供扣除金融工具实际经济成本的税款用途的能力。 在某些情况下，该文书可能包含一项要求支付（包括或有利益，优先分配，或有负债，股息和其他支出）的条款，这可能是基于公式计算的。 例如，当可换股票据的交易价值超过预定价值，例如可换股票据的累计价值的一定百分比时，或者例如可能触发特遣队的另一种情况 付款可能是另一个金融工具的价格（例如，基础证券，参考证券等）低于，高于或等于预定价值时。

公开(公告)号：US07979338B1

公开(公告)日：2011-07-12

申请号：US10434040

申请日：2003-05-08

申请人： Frederick J. Fiddle ,  Stuart C. Kaperst ,  Prasanth Rao-Kathi ,  Paul A. Pepe ,  Russell L. Stein ,  Yonathan Epelbaum ,  Richard P. Luciano

发明人： Frederick J. Fiddle ,  Stuart C. Kaperst ,  Prasanth Rao-Kathi ,  Paul A. Pepe ,  Russell L. Stein ,  Yonathan Epelbaum ,  Richard P. Luciano

IPC分类号： G06Q40/00

CPC分类号： G06Q40/00 ,  G06Q40/04

摘要： In a method for obtaining capital, a convertible or exchangeable financial instrument having an accreted value and that earns returns over a lifetime comprising at least a first and a second time period is offered. During a first time period, at least some of the returns earned are paid in cash. During a second time period all of the returns earned are accreted to the accreted value of the financial instrument. Returns may be earned during each period according to a rate associated with each period. The rate associated with each period may be fixed or variable and may be modified by one or more rate modifiers, such as a minimum or maximum rate. The financial instrument may include a provision describing how the instrument is serviced when the current value of a rate is negative.

摘要翻译： 在获得资本的方法中，提供具有累计价值且在一生中至少包括第一和第二时间段的收益的可转换或可交换的金融工具。 在第一时间段内，至少有一部分收益以现金支付。 在第二时间段内，所有获得的回报都将计入金融工具的累计值。 可以根据与每个期间相关联的费率在每个期间内获得回报。 与每个周期相关联的速率可以是固定的或可变的，并且可以通过一个或多个速率修改器来修改，例如最小或最大速率。 金融工具可能包括一个条款，描述当当前价值为负值时仪器如何维修。

公开(公告)号：US20050080706A1

公开(公告)日：2005-04-14

申请号：US10476705

申请日：2002-08-12

申请人： James Birle, ,  David Dolan ,  Jeffrey Edwards ,  Yonathan Epelbaum ,  Frederick Fiddle ,  Emerson Jones ,  Stuart Kaperst ,  Todd Kaplan ,  Daniel Kerstein ,  Dragomir Kolev ,  Richard Luciano ,  Thomas Patrick Jr ,  Paul Pepe ,  Eric Steifman ,  Russell Stein ,  Brennan Warble ,  Richard Green ,  Robert Rudnick ,  Frank Strong

发明人： James Birle, ,  David Dolan ,  Jeffrey Edwards ,  Yonathan Epelbaum ,  Frederick Fiddle ,  Emerson Jones ,  Stuart Kaperst ,  Todd Kaplan ,  Daniel Kerstein ,  Dragomir Kolev ,  Richard Luciano ,  Thomas Patrick Jr ,  Paul Pepe ,  Eric Steifman ,  Russell Stein ,  Brennan Warble ,  Richard Green ,  Robert Rudnick ,  Frank Strong

IPC分类号： G06Q40/00 ,  G06F17/60

CPC分类号： G06Q40/04 ,  G06Q20/102 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q40/10 ,  G06Q40/12

摘要： A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a predetermined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g., the underlying security, the reference security, etc.) is below, higher than, or equal to a pre-determined value.

摘要翻译： 可转换金融工具为持有人保留未偿付工具提供激励，使发行人保持对文书到期日的灵活性和控制权及其解决方式。 该文书可能为发行人提供扣除金融工具实际经济成本的税款用途的能力。 在某些情况下，该文书可能包含一项要求支付（包括或有的利息，优先分配，或有负债，股息和其他支出）的条款，这可能是基于公式计算。 例如，当可换股票据的交易价值超过预定值，例如可换股票据的累计值的一定百分比，或者例如可能触发或有支付的另一种情况时，可能会出现这种情况 当另一个金融工具的价格（例如，基础证券，参考证券等）低于，高于或等于预定价值时。

公开(公告)号：US20050055293A1

公开(公告)日：2005-03-10

申请号：US10483343

申请日：2002-08-12

申请人： James Birle ,  Jeffrey Edwards ,  Yonathan Epelbaum ,  Frederick Fiddle ,  Emerson Jones ,  Stuart Kaperst ,  Todd Kaplan ,  Daniel Kerstein ,  Richard Luciano ,  Thomas Patrick ,  Paul Pepe ,  Eric Steifman ,  Russell Stein ,  Brennan Warble ,  Richard Green

发明人： James Birle ,  Jeffrey Edwards ,  Yonathan Epelbaum ,  Frederick Fiddle ,  Emerson Jones ,  Stuart Kaperst ,  Todd Kaplan ,  Daniel Kerstein ,  Richard Luciano ,  Thomas Patrick ,  Paul Pepe ,  Eric Steifman ,  Russell Stein ,  Brennan Warble ,  Richard Green

IPC分类号： B42D15/00 ,  E21B47/06 ,  E21B49/08 ,  G06Q20/04 ,  G06Q20/10 ,  G06Q20/38 ,  G06Q20/40 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/08 ,  G07F17/42 ,  G06F17/60

CPC分类号： G06Q20/042 ,  B42D15/00 ,  G06Q20/102 ,  G06Q20/381 ,  G06Q20/405 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/08 ,  G07F17/42

摘要： Systems and methods for offering and servicing financial instruments (101) creates a way for issuers to offer financial instruments (101) that are accretive to earnings regardless of the Price/Earnings ratio. Specifically, the present invention provides systems and methods for offering and servicing convertible or exchangeable contingent conversion financial instruments.

摘要翻译： 提供和维护金融工具的系统和方法（101）为发行人提供了一种增加收益的金融工具（101）的方式，而不管价格/收益率如何。 具体地，本发明提供了提供和服务可转换或可更换的或有转换金融工具的系统和方法。

公开(公告)号：US20050160025A1

公开(公告)日：2005-07-21

申请号：US10480350

申请日：2002-08-12

申请人： James Birle ,  Jeffrey Edwards ,  Yonathan Epelbaum ,  Frederick Fiddle ,  Emerson Jones ,  Stuart Kaperst ,  Todd Kaplan ,  Daniel Kerstein ,  Richard Luciano ,  Thomas Patrick Jr ,  Paul Pepe ,  Eric Steifman ,  Russell Stein ,  Brennan Warble ,  Richard Green

发明人： James Birle ,  Jeffrey Edwards ,  Yonathan Epelbaum ,  Frederick Fiddle ,  Emerson Jones ,  Stuart Kaperst ,  Todd Kaplan ,  Daniel Kerstein ,  Richard Luciano ,  Thomas Patrick Jr ,  Paul Pepe ,  Eric Steifman ,  Russell Stein ,  Brennan Warble ,  Richard Green

IPC分类号： B42D15/00 ,  E21B47/06 ,  E21B49/08 ,  G06Q20/38 ,  G06Q20/40 ,  G06Q40/04 ,  G06Q40/08 ,  G07F17/42 ,  G06F17/60

CPC分类号： G06Q20/381 ,  B42D15/00 ,  G06Q20/405 ,  G06Q40/04 ,  G06Q40/08 ,  G07F17/42

摘要： A contingent convertible debt instrument contains a provision permitting conversion only if any of certain economically substantial contingencies is satisfied. For example there may be a provision that conversion is permitted only if the issuer's stock price reaches some price, defined as some predetermined price substantially higher than the conversion price, is reached. This contingent conversion trigger price may be 110% or 120% more of the conversion price. The debt instrument may be a negotiable long-term zero-coupon note, and a provision may be included that the number of underlying instruments issuable or deliverable at conversion or exchange is adjusted under certain circumstances (e.g., merger, acquisition, or formulae amounts). Corresponding methods and systems are employed for offering and servicing such financial instruments.

摘要翻译： 或有的可转换债务工具只有在符合某些经济上重大的意外情况的情况下才包含允许转换的条款。 例如，可以有一个规定，只有当发行人的股票价格达到一定的价格（被定义为大大高于转换价格的一些预定价格）时才允许转换。 该或有转换触发价格可能是转换价格的110％或120％。 债务工具可以是可转让的长期零息票据，可以包括在某些情况下（例如合并，收购或配方金额）调整转换或交换中可发行或可交付的相关工具的数量的条款， 。 采用相应的方法和系统来提供和服务这些金融工具。