| US 7,610,232 B2 | ||
| Periodic rate reset security with a conversion feature | ||
| James MacPherson, 4 Stanwich La., Suite 150, Greenwich, Conn. 06830 (US) | ||
| Filed on Aug. 03, 2007, as Appl. No. 11/888,965. | ||
| Prior Publication US 2009/0037346 A1, Feb. 05, 2009 | ||
| Int. Cl. G06Q 40/00 (2006.01) | ||
| U.S. Cl. 705—36R | 19 Claims |
| 1. A computer implemented method for an issuer of a periodic rate reset security with a conversion feature (PRRSC), other
than a traditional convertible security issuer, to issue a PRRSC comprising the steps of:
designating said PRRSC as one of an equity instrument or a debt instrument;
designating an underlying security associated with said PRRSC;
setting a conversion price and a conversion ratio for said PRRSC;
designating a period for setting a periodic rate associated with said PRRSC;
electronically determining a value of said periodic rate in a market environment; and
issuing the PRRSC, wherein conversion of said periodic rate reset security is non-dilutive to the net asset value and earnings
per share of the underlying security of the PRRSC Issuer.
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