Patent ID: 7246094

Claim:
A computer implemented method of structuring a credit, comprising: requiring the credit issuer of a municipal bond to pay to the credit holder a first payment component associated with the municipal bond, wherein the first payment component is a fixed payment component; and requiring the credit issuer of the municipal bond to pay to the credit holder an additional, second payment component associated with the municipal bond, wherein the second payment component is a variable payment component that varies based on changes in a value of an ownership value characteristic which is associated with the municipal bond; wherein the ownership value characteristic is selected from the group consisting of: a) a general interest rate level; b) an exemption from a state tax; c) an exemption from a federal tax; d) a marginal state tax rate; e) a marginal federal tax rate; f) a credit rating of the credit issuer; g) a credit variation associated with a credit enhancer; h) a credit variation associated with a liquidity provider; and i) a supply/demand level for municipal bonds.