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US 7,257,555 B1Granted
Method and system for providing dividend enhanced convertible stocks with acceleration triggers
AssigneeCitigroup Global Markets, Inc.
InventorCraig Farr
Life of this patent
Estimating the term…
Abstract
The present invention relates to a method and system for providing and/or offering mandatory convertible securities, such as dividend enhanced common/convertible stocks (DECS), with acceleration triggers for securities conversion. The acceleration triggers are attractive to investors of such mandatory convertible securities because they can provide investors with timely returns and/or equities in the issuer should events not favorable to the investors happen prior to a preset securities conversion date.
Claims16
A method for performing a financial transaction comprising the steps of:
- issuing a financial instrument to a first investor, the financial instrument comprising:
- a fixed income instrument having a predetermined remarketing date and a coupon;
- a forward purchase contract to purchase at least one equity share at a predetermined future contract date;
- and
- a first acceleration trigger clause to designate a first date to remarket the fixed income instrument prior to the predetermined remarketing date upon an occurrence of a first predetermined event;
- remarketing the fixed income instrument on the first date upon the occurrence of the first predetermined event including issuing the fixed income instrument to a second investor;
- and
- issuing at least one equity share to the first investor on the predetermined future contract date.
5 more elements
Dependencies are inferred from the claim text.