Patent ID: 6735573
Filing Date: 2004-05-11
Classification: G06Q

Abstract:
A method for derecognizing the commitment of a lessee in an operating lease, comprising the steps of:(a) holding by a lessee a recognized operating lease wherein the recognized operating lease has an obligation to a lessor and the recognized operating lease has a fixed future value S1; (b) determining the present value P1 of the recognized operating lease in accordance with the fixed future value S1; (c) buying the recognized operating lease from the lessee by a buyer entity for a present value P2 greater than the present value P1 wherein the lessee retains the obligation to the lessor thereby providing a first net gain to the lessee whereby the recognized operating lease is derecognized to provide a derecognized operating lease; (d) holding the derecognized operating lease and storing information regarding the derecognized operating lease in a computer by the buyer entity for a period of time; and (e) discharging a liability of the derecognized operating lease at the end of the period of time by the buyer entity for the future value S1 that is less than a future value S2 determined in accordance with the present value P2 thereby providing a second net gain to the buyer entity.