The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 25, 2011
Filed:
Dec. 22, 2004
Rick Caplan, Harrison, NY (US);
Marcy Engel, Scarsdale, NY (US);
Steve Incontro, New York, NY (US);
Stanley Louie, Brooklyn, NY (US);
Frank Pertusiello, New York, NY (US);
Rick Caplan, Harrison, NY (US);
Marcy Engel, Scarsdale, NY (US);
Steve Incontro, New York, NY (US);
Stanley Louie, Brooklyn, NY (US);
Frank Pertusiello, New York, NY (US);
Citigroup Global Markets, Inc., New York, NY (US);
Abstract
A system and method for issuing letters of credit. The system and method issue a first letter of credit from a second party to a third party, and issue at least one second letter of credit from the third party to at least one fourth party. The system and method also provide a credit facility from the second party to a first party, the credit facility associated with the first and second letters of credit. The system and method also transfer credit risk from the credit facility to at least one fifth party under a participation agreement.