Patent ID: 8010445

Claim:
A method of forming a non-asset-backed consolidated commercial paper issue, comprising the steps of: identifying a plurality of borrower businesses, each of the plurality of borrower businesses having a short-term borrowing need, the short term borrowing need including a desire to borrow funds on a short-term basis for subsequent repayment; determining a credit rating for each of the plurality of borrower businesses; aggregating with a computer the short-term borrowing needs of at least two of the plurality of borrower businesses into a non-asset-backed consolidated commercial paper issue based at least in part on the credit rating of each of the at least two borrower businesses; offering at least a portion of the non-asset-backed consolidated commercial paper issue to at least one purchaser; selling at least a portion of the non-asset-backed consolidated commercial paper issue to the at least one purchaser; receiving funds in exchange for the non-asset-backed consolidated commercial paper issue sold to the at least one purchaser; and distributing at least a portion of the funds to the borrower businesses whose short-term borrowing needs were aggregated into the non-asset-backed consolidated commercial paper issue.