Patent ID: 8326724
Filing Date: 2012-12-04
Classification: G06Q

Abstract:
1. A method implemented by a programmed computer system for use in a financial transaction involving a debt issuer and a debt holder, comprising: inputting, into the computer system, data associated with entry into a multi-component option contract between the debt issuer and the debt holder, wherein the debt issuer sells a put on outstanding debt between the debt issuer and the debt holder and buys a call on the outstanding debt, and the debt holder buys the put and sells the call as a counterparty to the multi-component option contract; inputting, into the computer system, data associated with the multi-component option contract regarding conditions for retiring the outstanding debt of the debt issuer by the debt issuer, and conditions for retiring the outstanding debt of the debt issuer by the debt holder; and retiring some of the outstanding debt, wherein the outstanding debt is retired utilizing a calculation, done by the computer system, based upon the input data regarding the conditions associated with the multi-component option contract; wherein the multi-component option contract is bundled into a separable unit with some of the outstanding debt, allowing substitution of the outstanding debt with other predetermined eligible collateral.