Patent ID: 7590590
Filing Date: 2009-09-15
Classification: G06Q

Abstract:
1. A method implemented at least partially in a programmed computer for raising funds, the method comprising: issuing a bond using the programmed computer, wherein the bond comprises: a first component, corresponding to interest due on the bond, that pays a periodic interest payment during a first predetermined period of time until a maturity date of the first component without payment of any principal; and a second component, corresponding to principal due on the bond, allowing a holder of the second component to elect conversion and thereby receive shares of a company or a cash equivalent as part of the second component, the first and second components issued together in an initial issue of the bond, wherein after the initial issue, the bond allows separation of the first component from the second component and individual transfer of the first component and the second component, and further wherein a conversion of the second component to shares or cash equivalent does not alter the periodic interest coupon payments of the first component; paying the periodic interest payment using the programmed computer; and automatically determining whether the second component has been exercised.