Jason J Quinn

US Patent:

20070083447, Apr 12, 2007

Filed:

Sep 11, 2006

Appl. No.:

11/519577

Inventors:

Thomas Corcoran - Bay Shore NY, US
Ashish Shah - New York NY, US
Megan Philbin - New York NY, US
Vincent Basulto - Bay Shore NY, US
Jock Jones - New York NY, US
Anthony Bugliari - Summit NJ, US
Daniel Crowley - New York NY, US
Andrew Layng - New York NY, US
Daron Pope - New York NY, US
Jason Quinn - New York NY, US

Assignee:

Lehman Brothers Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705035000

Abstract:

In one aspect, the invention comprises a method comprising the steps of: (a) specifying a reference entity which is an obligor with respect to preferred securities; (b) defining a credit event to include deferral of dividend or coupon on the preferred securities; (c) specifying a payoff to include the preferred securities, the payoff to be made following the credit event; (d) specifying a premium; (e) executing an agreement with a protection buyer, wherein the agreement comprises terms based on the reference entity, the credit event, and the payoff, and wherein the protection buyer agrees to pay the premium in return for a promise to provide the payoff to the protection buyer upon occurrence of the credit event; and (f) receiving the premium from the protection buyer.