| 摘要 |
A transaction structure for issuing a debt instrument. The transaction structure includes a first entity and a second entity. The first entity transfers an asset in exchange for receiving a beneficial interest in the asset, then issues the debt instrument. The debt instrument is backed by a market value of the asset. The second entity issues the beneficial interest in the asset in exchange for receiving the asset. The market value of the asset is determined by a clearing price of a Dutch auction.
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