| 摘要 |
Systems, methods, and computer program embodiments are disclosed for collateralizing and investing in synthetically denominated debt instruments. In an embodiment, a debt security is first issued in a first entity and denominated in a first currency local to the first entity. A currency swap on the debt security is issued, which specifies exchange of cash flows in the first currency for cash flows in a second currency local to the second entity. A synthetically denominated debt instrument is then created that is a combination of the debt security and the currency swap. In an embodiment, the synthetically denominated debt instrument is delivered to a depositary bank in the second entity. A depositary receipt representing the synthetically denominated debt instrument is issued in the second entity to an investor in the synthetically denominated debt instrument. Collateral assets are posted in the second entity and attached to the depositary receipt. |
