SYSTEMS TO MAKE AVAILABLE A SYNTHETIC INTEREST RATE AND RELATED METHODS

摘要

Some embodiments include a method of making available a synthetic fixed interest rate to a borrower under a loan and a variable interest rate to a lender of the loan. The method includes generating a settlement notice and sending the settlement notice. The settlement notice includes one of a notice of a first interest payment amount or a notice of a second interest payment amount. Further, when the settlement notice comprises the notice of the first interest payment amount, the method includes sending the first interest payment amount, and when the settlement notice comprises the notice of the second interest payment amount, the method includes receiving the second interest payment amount. Further still, the method includes receiving from the borrower a shared security interest in collateral securing the loan, and the shared security interest is shared with the lender. Other embodiments of related methods and systems are also provided.

主权项

1) A method of making available a synthetic fixed interest rate to a borrower under a loan and a variable interest rate to a lender of the loan, the method comprising:
executing one or more first computer instructions configured to generate a settlement notice, the settlement notice comprising one of a notice of a first interest payment amount or a notice of a second interest payment amount; executing one or more second computer instructions configured to send the settlement notice; when the settlement notice comprises the notice of the first interest payment amount, sending the first interest payment amount; when the settlement notice comprises the notice of the second interest payment amount, receiving the second interest payment amount; and receiving from the borrower a shared security interest in collateral securing the loan, the shared security interest being shared with the lender; wherein:
the loan comprises a variable rate loan, and the loan is made by the lender to the borrower;the variable interest rate on the loan is synthetically fixed by entering into an interest rate swap;the first interest payment amount is calculated with reference to a difference of a current note interest rate less a swap interest rate and with reference to a current notional amount corresponding to a current principal amount of the loan;the second interest payment amount is calculated with reference to a difference of the swap interest rate less the current note interest rate and with reference to the current notional amount;the current note interest rate comprises the variable interest rate of the loan;the swap interest rate comprises the synthetic fixed interest rate;the lender comprises a credit union lender;the settlement notice comprises the notice of the first interest payment amount when the difference of the current note interest rate less the swap interest rate is greater than zero;the settlement notice comprises the notice of the second interest payment amount when the difference of the swap interest rate less the current note interest rate is greater than zero; andthe one or more first computer instructions and the one or more second computer instructions are configured to run at one or more processing modules and configured to be stored at one or more non-transitory memory storage modules.