Patent ID: 7734519
Filing Date: 2010-06-08
Classification: G06Q

Abstract:
1. A computer-implemented method of facilitating securitizing real assets owned by one or more issuing asset holders, the method comprising: receiving a transfer by an issuing entity of equity interests of the one or more issuing asset holders; issuing by the issuing entity and the one or more issuing asset holders to noteholders one or more classes of notes, wherein principal and interest obligations of the notes are to be paid from fees paid by third parties to the one or more issuing asset holders under agreements for use of the real assets by the third parties; receiving fees, via a transaction computer system, paid by the third parties under the agreements for use of the real assets; paying, via the transaction computer system, payment obligations of the notes; granting from the one or more issuing asset holders to an indenture trustee for the benefit of holders of the notes, a first security interest in (i) assignable personal property of the one or more issuing asset holders, (ii) the agreements for use of the real assets, and (iii) the fees paid to the one or more issuing asset holders pursuant to the agreements; and pledging from the issuing entity to the indenture trustee for the benefit of the holders of the notes, the issuing entity's equity interests in the one or more issuing asset holders as security for repayment of the notes, without mortgaging the real assets of the one or more asset holders, such that, in the event of a default on the notes, the equity interests of the one or more asset holders can be sold without the real assets being able to be foreclosed upon by the indenture trustee, wherein the transaction computer system is connected to a data communication network.