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Patent for Sale:

Three-Stage, Double Blind Credit Rating of Securities    

A computer-implemented system and method for rating an asset by performing a double-blind, three-stage credit rating of a securitized instrument or other financial product

Overview

The system includes a secured database structure which trifurcates information relating to the asset being rated into first, second and third analytical stages. Asset information is distributed such that analysts at each stage have access to only that information relevant to the scope of the particular analytical stage being performed, while irrelevant and prejudicial information is withheld from the analyst. Unique access tokens are applied to control access to storage data and to maintain the integrity of the analytical process.

Primary Application of the Technology

Improve the actual and apparent integrity of the credit rating process for any securitized instrument (including CMBS) and other financial products. Primary target markets include credit rating agencies, credit rating surveillance firms and investment fund analysts.

The Problem Solved by the Technology

The technology is designed to reduce or eliminate the bias (and appearance of bias) influencing the credit rating process.

How the Technology Solves the Problem

The system segments the credit rating process into stages. Information identifying the borrower and its principals and the particular underlying asset is stripped away and hidden from the analysts at each succeeding stage, so that the ultimate credit rating of the securities backed by the asset being analyzed is uninfluenced by that identifying information.

Competitive Advantage

No technology is known to exist to address the problem of bias contaminating the credit rating process.

Comments on Deal Structure, Potential Terms and Restrictions

Would consider an outright sale or license for a combination of cash and future royalties.

The seller may consider selling these patents individually.

Patent Summary

U.S. Patent Classes & Classifications Covered in this listing:

Class 705: Data Processing:Financial, Business Practice, Management, Or Cost/Price Determination

This is the generic class for apparatus and corresponding methods for performing data processing operations, in which there is a significant change in the data or for performing calculation operations wherein the apparatus or method is uniquely designed for or utilized in the practice, administration, or management of an enterprise, or in the processing of financial data. It also provides for apparatus and corresponding methods for performing data processing or calculating operations in which a charge for goods or services is determined.

Subclass 50: BUSINESS PROCESSING USING CRYPTOGRAPHY
Subclass 35: Finance (e.g., banking, investment or credit)
Subclass 38: Credit (risk) processing or loan processing (e.g., mortgage)
Subclass 39: Including funds transfer or credit transaction