Frank R Strong

Title: Frank R Strong: Innovator in Convertible Financial Instruments

Introduction

Frank R Strong is a notable inventor based in McLean, VA (US), recognized for his contributions to the field of financial instruments. He holds 2 patents that showcase his innovative approach to convertible financial instruments.

Latest Patents

One of his latest patents is focused on convertible financial instruments with contingent payments. This invention provides incentives for holders to maintain the instruments, allowing issuers to retain flexibility over the maturity date and settlement methods. The instrument also enables issuers to deduct an amount for tax purposes that reflects the true economic cost. It includes provisions for contingent payments, which may consist of contingent interest, preferred distributions, contingent principal, dividends, and other payouts based on specific formulae calculations. For instance, contingent payments may be triggered when the trading value of the convertible instrument surpasses a predetermined threshold or when the price of another financial instrument meets certain criteria.

Career Highlights

Throughout his career, Frank R Strong has worked with prominent organizations, including Bank of America Corporation. His experience in the financial sector has significantly influenced his innovative endeavors.

Collaborations

Frank has collaborated with notable professionals such as James R Birle, Jr and David K Dolan, contributing to the development of his inventive concepts.

Conclusion

Frank R Strong's work in the realm of convertible financial instruments exemplifies his innovative spirit and dedication to enhancing financial solutions. His patents reflect a deep understanding of the complexities of financial instruments and their potential impact on the industry.