| 摘要 |
Disclosed is a computer implemented system by which investors may allocate securities to a Fund where they are used as collateral for offers of credit given by the Fund to borrowers. The value of each investor's Segregated Securities relative to the total Fund value determines the investor's percentage ownership in the Fund. In exchange for offers of credit, the Fund receives incremental Credit Facility Fees, which are paid out to investors as dividends in proportion to their percentage of ownership. The portion of the investor's Segregated Securities committed as collateral to a credit commitment determines the investor's percentage of commitment in the Fund. The Segregated Securities of each investor are managed by the investor or a third party manager at the investor's direction, even while segregated. Therefore, the real-time cash value of the Fund, ownership percentage, and commitments of each investor can change and are calculated by a computer system. |
