[go: up one dir, main page]

WO2003013875A1 - Instruments financiers convertibles par fonds de reserve - Google Patents

Instruments financiers convertibles par fonds de reserve Download PDF

Info

Publication number
WO2003013875A1
WO2003013875A1 PCT/US2002/025667 US0225667W WO03013875A1 WO 2003013875 A1 WO2003013875 A1 WO 2003013875A1 US 0225667 W US0225667 W US 0225667W WO 03013875 A1 WO03013875 A1 WO 03013875A1
Authority
WO
WIPO (PCT)
Prior art keywords
contingency
entity
ownership
indicia
price
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Ceased
Application number
PCT/US2002/025667
Other languages
English (en)
Inventor
James R. Birle, Jr.
Jeffrey N. Edwards
Yonathan Epelbaum
Frederick J. Fiddle
Emerson P. Jones
Stuart C. Kaperst
Todd K. Kaplan
Daniel Y. Kerstein
Richard P. Luciano
Thomas H. Patrick, Jr.
Paul A. Pepe
Eric Steifman
Russell L. Stein
Brennan J. Warble
Richard J. Green
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Merrill Lynch and Co Inc
Original Assignee
Merrill Lynch and Co Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Merrill Lynch and Co Inc filed Critical Merrill Lynch and Co Inc
Priority to US10/480,350 priority Critical patent/US20050160025A1/en
Priority claimed from US10/064,744 external-priority patent/US20030135446A1/en
Publication of WO2003013875A1 publication Critical patent/WO2003013875A1/fr
Anticipated expiration legal-status Critical
Ceased legal-status Critical Current

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
    • B—PERFORMING OPERATIONS; TRANSPORTING
    • B42—BOOKBINDING; ALBUMS; FILES; SPECIAL PRINTED MATTER
    • B42D—BOOKS; BOOK COVERS; LOOSE LEAVES; PRINTED MATTER CHARACTERISED BY IDENTIFICATION OR SECURITY FEATURES; PRINTED MATTER OF SPECIAL FORMAT OR STYLE NOT OTHERWISE PROVIDED FOR; DEVICES FOR USE THEREWITH AND NOT OTHERWISE PROVIDED FOR; MOVABLE-STRIP WRITING OR READING APPARATUS
    • B42D15/00—Printed matter of special format or style not otherwise provided for
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Definitions

  • negotiability helps to provide a fluid and efficient market in which the instruments may be bought and sold at ever-changing prices indicative of the value given by the market to the instruments.
  • Negotiable bonds, and the borrowing accomplished therewith, have been known for over a century.
  • the issuer also promises, pursuant to the financial instrument, to repay the principal upon predetermined conditions and according to a predetermined term.
  • the term may be fixed; the instrument may instead permit the issuer to redeem the instrument before the end of the term under specified circumstances.

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Technology Law (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

L'invention porte sur un instrument de dette convertible par fonds de réserve contenant une disposition selon laquelle la conversion n'est autorisée que si certains fonds de réserve importants s'avèrent suffisants. A titre d'exemple, on peut ajouter une disposition n'autorisant la conversion que si le prix des obligations de l'émetteur atteint une certaine somme, nettement supérieure au prix de conversion. Ce prix de déclenchement de la conversion de fonds de réserve peut être plus élevé que le prix de conversion, à savoir 110 % ou 120 %. L'instrument de dette peut être un bon-coupon zéro négociable sur le long terme et on peut inclure une disposition selon laquelle le nombre d'instruments sous-jacents émissibles ou livrables lors d'opérations de conversion ou d'échange est réglé dans certaines circonstances (p.ex. fusion, acquisition ou quotas). A cet effet, on utilise des procédés et des systèmes correspondants en vue d'offrir de tels instruments financiers.
PCT/US2002/025667 2001-08-10 2002-08-12 Instruments financiers convertibles par fonds de reserve Ceased WO2003013875A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
US10/480,350 US20050160025A1 (en) 2001-08-10 2002-08-12 Contingent convertible financial instruments

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US31151601P 2001-08-10 2001-08-10
US60/311,516 2001-08-10
US6474602A 2002-08-12 2002-08-12
US10/064,744 US20030135446A1 (en) 2001-08-10 2002-08-12 Contingent convertible financial instruments
US10/064,744 2002-08-12
US10/064,746 2002-08-12

Publications (1)

Publication Number Publication Date
WO2003013875A1 true WO2003013875A1 (fr) 2003-02-20

Family

ID=27370678

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2002/025667 Ceased WO2003013875A1 (fr) 2001-08-10 2002-08-12 Instruments financiers convertibles par fonds de reserve

Country Status (1)

Country Link
WO (1) WO2003013875A1 (fr)

Cited By (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7219079B2 (en) 2001-08-10 2007-05-15 Birle Jr James R Convertible financial instruments with contingent payments
US7987129B2 (en) 2001-08-10 2011-07-26 Bank Of America Corporation Convertible financial instruments with contingent payments
US8429043B2 (en) 2003-06-18 2013-04-23 Barclays Capital Inc. Financial data processor system and method for implementing equity-credit linked investment vehicles

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5440106A (en) * 1993-08-06 1995-08-08 Canard Resources, Inc. Point-of-sale check writing assist apparatus
US6012925A (en) * 1996-07-09 2000-01-11 Kelly; James B. Method for guaranteeing remuneration received by the owner when selling cattle
US6105007A (en) * 1993-08-27 2000-08-15 Affinity Technology Group, Inc. Automatic financial account processing system

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5440106A (en) * 1993-08-06 1995-08-08 Canard Resources, Inc. Point-of-sale check writing assist apparatus
US6105007A (en) * 1993-08-27 2000-08-15 Affinity Technology Group, Inc. Automatic financial account processing system
US6012925A (en) * 1996-07-09 2000-01-11 Kelly; James B. Method for guaranteeing remuneration received by the owner when selling cattle

Cited By (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7219079B2 (en) 2001-08-10 2007-05-15 Birle Jr James R Convertible financial instruments with contingent payments
US7987129B2 (en) 2001-08-10 2011-07-26 Bank Of America Corporation Convertible financial instruments with contingent payments
US8429043B2 (en) 2003-06-18 2013-04-23 Barclays Capital Inc. Financial data processor system and method for implementing equity-credit linked investment vehicles

Similar Documents

Publication Publication Date Title
US20030135446A1 (en) Contingent convertible financial instruments
US7987129B2 (en) Convertible financial instruments with contingent payments
US7219079B2 (en) Convertible financial instruments with contingent payments
US7337138B2 (en) Investment company that issues a class of conventional shares and a class of exchange-traded shares in the same fund
Wilkens et al. The pricing of structured products–an empirical investigation of the German market
US8751339B2 (en) Method of accessing exact OTC ISDA type overnight indexed swap exposures within an electronic futures exchange environment
US8615461B2 (en) System and methods for processing open-end mutual fund purchase and redemption orders at centralized securities exchanges and other securities trading and processing platforms
WO2003023554A2 (fr) Procedes et systemes d'offre et de gestion d'instruments financiers
US20050075976A1 (en) Enhanced premium equity participating securities
Buckland The costs and returns of the privatization of nationalized industries
US20050160025A1 (en) Contingent convertible financial instruments
Rubinstein Market basket alternatives
JP2006196029A (ja) 売上参加証書の証券化
Finnerty Interpreting SIGNs
US7848998B1 (en) Convertible hybrid securities
US7778908B1 (en) Convertible financial instruments with cash settlement features
WO2003013875A1 (fr) Instruments financiers convertibles par fonds de reserve
US7899724B1 (en) Enhanced remarketable securities
US20050192882A1 (en) Method and system for structured finance using deferrable preferred securities
US20090076942A1 (en) Financial instruments, and systems and methods for use with financial instruments
US20100088211A1 (en) Debt security having return inversely related to associated security
Simozar The Advanced Fixed Income and Derivatives Management Guide
US8645252B1 (en) Method and system for providing mandatorily convertible securities with associated call options
Lamoreaux A busy year for the Hong Kong Mortgage Corporation
Mann et al. Money Market Calculations

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A1

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY BZ CA CH CN CO CR CU CZ DE DK DM DZ EC EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX MZ NO NZ OM PH PL PT RO RU SD SE SG SI SK SL TJ TM TN TR TT TZ UA UG US UZ VC VN YU ZA ZM ZW

Kind code of ref document: A1

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BY BZ CA CH CN CO CR CU CZ DE DM DZ EC EE ES FI GB GD GE GH HR HU ID IL IN IS JP KE KG KP KR LC LK LR LS LT LU LV MA MD MG MN MW MX MZ NO NZ OM PH PL PT RU SD SE SG SI SK SL TJ TM TN TR TZ UA UG US UZ VC VN YU ZA ZM

AL Designated countries for regional patents

Kind code of ref document: A1

Designated state(s): GH GM KE LS MW MZ SD SL SZ UG ZM ZW AM AZ BY KG KZ RU TJ TM AT BE BG CH CY CZ DK EE ES FI FR GB GR IE IT LU MC PT SE SK TR BF BJ CF CG CI GA GN GQ GW ML MR NE SN TD TG

Kind code of ref document: A1

Designated state(s): GH GM KE LS MW MZ SD SL SZ TZ UG ZM ZW AM AZ BY KG KZ MD RU TJ TM AT BE BG CH CY CZ DE DK EE ES FI FR GB GR IE IT LU MC NL PT SE SK TR BF BJ CF CG CI CM GA GN GQ GW ML MR NE SN TD TG

121 Ep: the epo has been informed by wipo that ep was designated in this application
WWE Wipo information: entry into national phase

Ref document number: 10480350

Country of ref document: US

REG Reference to national code

Ref country code: DE

Ref legal event code: 8642

122 Ep: pct application non-entry in european phase
NENP Non-entry into the national phase

Ref country code: JP

WWW Wipo information: withdrawn in national office

Country of ref document: JP