Method for managing liability
OwnerRobert BRUNNER, Gerald Haberkorn +1inventors
InventorsRobert BRUNNER, Gerald Haberkorn, Marshall Reavis
Life of this patent
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Abstract
A method for allowing a second party manager to manage the liability of a first party funded liability issuer by either removing at least a fraction of the funded liability from the issuer's balance sheet or at least offsetting it with a guarantee from the manager to cover the risk of redemption of the liability. The manager will receive a discounted payment of consideration in exchange for taking on the liability. However, the payment will either be calculated such that the liability assumed will likely never be redeemed, minimizing the manager's risk, or else the payment may be invested such that the final value should exceed the potential risk of redemption.
Claims38
A method for managing liability, comprising:
- (a) determining a first amount of an at least one funded liability of a first party issuer;
- (b) ascertaining a second amount of transferable funded liability;
- (c) establishing an amount of consideration to be received from said issuer, wherein said amount of consideration is less than or equal to said second amount of transferable funded liability;
- (d) accepting said amount of consideration from said issuer;
- (e) assuming said transferable funded liability or risk of redemption of said transferable liability from said issuer;
- (f) confirming assumption of said transferable funded liability or of said risk of redemption of said transferable liability.
Dependencies are inferred from the claim text.