Michael Sherman

Title: Innovations by Michael Sherman: Pioneering Financial Securities

Introduction

Michael Sherman, an inventive mind based in Brooklyn, NY, has made significant contributions to the financial sector. With two patents to his name, he stands out for his innovative approaches to equity replacement securities and asset-backed convertible securities, showcasing his expertise and forward-thinking in financial technology.

Latest Patents

Michael's latest patents include "Methods and systems for providing preferred income equity replacement securities." This invention involves a unique method of issuing perpetual preferred securities that offer non-cumulative dividends with a fixed liquidation preference. The valuation of these securities upon redemption or conversion is determined based on the market value of specified common shares. Notably, these securities can operate with treasury stock method accounting. In various embodiments, the securities may receive favorable treatment from Moody's and maintain accounting mechanisms that ensure conversion or redemption aligns accurately with the market dynamics.

The second patent, titled "Asset-backed convertible security," presents a financial unit security that combines a secured debt security with an option as a single unit. This innovative structure aims to enhance the efficiency and attractiveness of financial products in the market.

Career Highlights

Michael Sherman is currently affiliated with Barclays Capital Inc., a leading global financial services provider known for its commitment to innovation and excellence in advisory, banking, and investment solutions. His work at Barclays demonstrates a commitment to integrating advanced financial solutions in a rapidly evolving market.

Collaborations

Working alongside renowned colleagues such as Steven R. Halperin and Paul Robinson, Michael has developed collaborative efforts that emphasize innovation in financial securities. These partnerships have allowed him to leverage collective expertise and drive significant advancements in financial technology.

Conclusion

In conclusion, Michael Sherman's contributions to patented financial inventions reflect a deep understanding of market needs and innovative solutions. His work at Barclays Capital Inc. and collaboration with esteemed colleagues highlight his role as an influential inventor in the financial sector. With two patents and a continuous drive for innovation, Michael Sherman is paving the way for future advancements in financial instrument technologies.