Stephen T Mark

Title: Innovations by Stephen T Mark

Introduction

Stephen T Mark is an accomplished inventor based in Redding, Connecticut. He has made significant contributions to the field of financial technology, particularly in structuring risk in financial transactions. With a total of three patents to his name, Mark's work focuses on innovative methods and systems that enhance the management of debt instruments.

Latest Patents

Mark's latest patents include a method, software program, and system for structuring risk in a financial transaction. This invention relates to a computer-implemented method, system, and non-transitory medium for managing debt instruments. The process involves insuring against the default of a debt by establishing an insuring debt related to an insured debt of a debtor. The debts can include bonds issued by municipalities. The invention allocates a first loss class and a second loss class within an insuring trust, ensuring that payments are made to the first class holder based on the debt owed. If the insured debt is not in default, the payment is directed to the first class holder. Conversely, if the debt is in default, the payment is intercepted, and an insuring payment is made from the insuring fund to cure the default.

Another notable patent by Mark is also a method, software program, and system for structuring risk in a financial transaction. This invention aims to minimize the risk associated with the anticipated value of an investment. The insurer establishes a capital structure within a computer memory designed to minimize risk, incorporating regulatory capital and a cash stream pledged to fund any defaults associated with the investment. The capital structure is determined based on a coverage factor multiplied by an average annual depression scenario default percentage for the investment. A determination is made regarding whether the established capital structure is sufficient to achieve a minimal target credit rating for the insurer.

Career Highlights

Stephen T Mark is currently associated with The Bondfactor Company LLC, where he continues to innovate in the financial sector. His expertise in risk management and financial transactions has positioned him as a key player in his field.

Collaborations

Mark collaborates with George H Butcher, III, contributing to the development of innovative solutions in financial technology.

Conclusion

Stephen T Mark's contributions to the field of financial technology through his patents and work at The Bondfactor Company LLC highlight his commitment to innovation and excellence. His inventions are paving the way for more effective risk management in financial transactions.