Invention Grant
- Patent Title: Method for providing a liquidity facility
- Patent Title (中): 提供流动性设施的方法
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Application No.: US11446859Application Date: 2006-06-05
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Publication No.: US07647273B1Publication Date: 2010-01-12
- Inventor: James John Hill , Tammy Serbee , Serkan Savasoglu , Jane Guttridge
- Applicant: James John Hill , Tammy Serbee , Serkan Savasoglu , Jane Guttridge
- Applicant Address: US NY New York
- Assignee: Morgan Stanley
- Current Assignee: Morgan Stanley
- Current Assignee Address: US NY New York
- Agency: K & L Gates LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method of providing a liquidity facility for a business entity is disclosed. According to various embodiments, the method comprises offering for sale a unit issued by an issuer. Each unit comprises a credit linked note, wherein the credit linked note is linked to the credit of the business entity. Interest on the notes is funded, at least in part, from (1) income received by the issuer from an interest rate swap counter-party under an interest rate swap agreement, wherein the issuer pays the interest rate swap counter-party income received on assets held by the issuer, wherein the assets are purchased using proceeds from the issuance of the units, and (2) payments from the business entity to the issuer pursuant to a credit agreement between the business entity and the issuer.
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