US 8,015,105 B2 · Methods and systems for providing structured loan commitment transactions

Abstract

In one aspect, the invention comprises entering into an agreement with a borrower to provide a loan of a specified amount on a specified date, wherein the agreement further specifies a fixed rate and a spread; and on the specified date specifying whether the borrower must pay a fixed coupon at the fixed rate or pay a floating coupon based on the spread. In another aspect, the invention comprises an agreement between a lender and a borrower whereby the lender provides to the borrower a loan of a specified amount on a specified date; a fixed rate and a spread are specified; and the borrower receives the specified amount on the specified date, and during the term pays, at lender's option to be specified on the specified date, either a fixed coupon at the fixed rate or a floating coupon at a floating rate based on the spread.

Claims18

Dependent claims

A system comprising:

memory operable to store at least one program;
and
at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to:
access data regarding a loan agreement entered into on a loan agreement date comprising a specified loan amount, a fixed rate, a credit spread, and a floating rate, wherein said floating rate comprises said credit spread;
process data regarding a selection made after said loan agreement date of one of said fixed rate and said floating rate from said loan agreement to be an interest rate for interest payments on said specified loan amount;
and
communicate information specifying said interest rate for said specified loan amount.

4 more elements

Dependencies are inferred from the claim text.

Methods and systems for providing structured loan commitment transactions

Life of this patent

Methods and systems for providing structured loan commitment transactions

Life of this patent

Abstract

Claims18