PATENT CLAIM ANALYSIS

Application Number: 15879244
Application Type: Utility
Filing Date: 2018-01
Publication Date: 2019-03
Patent Classification: ["705", "037000"]

Abstract:
The disclosure relates to structures and methods for securitization of tax-exempt bonds and loans by a non-municipal originator. The structures and methods are constructed in such a way to create tax-exempt status for the interest on newly-issued debt instruments, thereby enhancing the efficiency of prior financial structures and mechanisms. The methods involve an issuer authorized to issue tax-exempt bonds issuing debt instruments secured and paid by pooled tax-exempt bonds and/or loans purchased from a non-municipal entity. The issuer or another municipality retains an equity interest in the pooled bonds.

Claim (Index 20):
A system for managing securitization of tax-exempt bonds, the system comprising\n at least one non-transient memory storage; at least one computer processor configured to receive and store in the storage data corresponding to a plurality of lax-exempt bonds, the data including, for each bond, the identity of the bond and a municipality which issued it, data confinning the bond is a tax-exempt bond, and the identity of a non-municipal originator which Owns the debt obligation; receive and store in the storage a proposed STEMP series including at least one equity tranche and at least one debt tranche, the proposed STEMP series defining the par value for each equity and debt tranche, defining a hierarchy among the equity and debt tranches, the hierarchy specifying entitlement of each equity and debt tranche to proceeds derived from the bonds, the equity tranche being entitled to the residuum which remains alter entitlements to the proceeds have been satisfied for all debt tranches, and including a sale price for each equity and debt tranche, the sum of the sale prices for all tranches being the issue price; receive and store in the storage a sale price for each equity and debt tranche, the sum of the sale prices of all equity and debt trenches being the issue price; display to at least one non-municipal investor the sale price for at least a portion of at least one debt tranche; display to at least one municipal investor the sale price for at least a portion of at least one equity tranche; receive and store in the storage from investors offers to purchase portions of the debt and equity tranches; and calculate the portions of each of the debt and equity tranches for which offers have been received.

Metadata:
- Claim Count in Document: 59.0
- Percentile: 86.0
- Lexical Diversity: 1.67857
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['11888965', '11679607', '10112640', '10677172', '10990160']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1162105810924544
- 35 USC 102 Novelty (BERT): 0.5347566253223317
- Combined Prediction Score: 0.1580651855154421
- Mean Citation Score: 335.655552
- Max Citation Score: 364.98444
- Similarity Product: 248.216332458458

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test