Patent ID: 7890413

Claim:
A computer-implemented method for supporting issuance of debt financial instruments backed by illiquid assets, comprising: transferring the illiquid assets, by a first entity that initially owned the illiquid assets to a second entity in exchange for the first entity receiving one or more equity certificates from the second entity, wherein the illiquid assets comprise one of equipment leases and loans on transportation vehicles, and wherein the one or more equity certificates comprise a beneficial ownership interest in the illiquid assets and cash flows generated by the illiquid assets; auctioning a first portion of the one or more equity certificates in an initial auction, wherein the auctioning comprises receiving, via one or more communication networks, bids from one or more bidders storing bid data for the bids in a database; determining, with a computer system, a clearing price for the first portion of the one or more equity certificates based on the bid data stored in the database; determining, with the computer system, a market value of a second portion of the one or more equity certificates owned by the first entity that back debt financial instruments to be issued by the first entity to investors, wherein the market value of the second portion is calculated based on the clearing price; determining, with the computer system, a debt service coverage amount based on the product of the market value of the second portion of the one or more equity certificates and a debt service coverage factor; determining, with the computer system, a base margin requirement; and issuing the debt financial instruments by the first entity to investors, wherein the debt service coverage amount and the base margin requirement are applicable to the debt financial instruments and there is an obligation to maintain the debt service coverage amount in excess of the base margin requirement, wherein the second portion of the one or more equity certificates secures an obligation of the first entity to pay principle and interest on the debt financial instruments; auctioning, after the initial auction and during the term of the debt instruments, an additional portion of the one or more equity certificates, and determining, using the computer system, a new clearing price, and redetermining, using the computer system, the market value of the second portion; wherein the base margin requirement corresponds to the sum of outstanding principal and accrued interest associated with the debt financial instruments; and wherein the computer system comprises at least one computer that comprises a processor and a memory.