Abstract: A system, method, and computer program product are provided for the creation of enhanced securities. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. Building on this approach, multi-obligor securities can also be credit enhanced to provide a single security reflecting the position of the multi-obligor securities and a backing credit default swap contract.

Abstract: Rather than issuing floating rate debt obligations, techniques are described for allowing a sovereign debt issuer, such as the United States Treasury, to issue novel exchangeable fixed rate debt instruments. A system, method, and computer program product are provided for exchanging the fixed rate exchangeable sovereign debt instruments for floating rate exchangeable sovereign debt instruments in combination with negotiation of an interest rate swap contract.

Abstract: A system, method, and computer program product are provided for the creation of enhanced securities. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. Building on this approach, multi-obligor securities can also be credit enhanced to provide a single security reflecting the position of the multi-obligor securities and a backing credit default swap contract.

Abstract: A system, method, and computer program product are provided for the creation of enhanced bonds. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. A bond dealer is able to exchange a traditional bond instrument, which has been issued in a manner that permits the exchange, for enhanced bonds by selling the credit default swap contract to an eBond LLC and tendering the exchangeable bonds for eBonds through the bond indenture trustee. The enhanced bond facilitator calculates the exchange rates for these instruments at the time of exchange based on several variables, including the cost of the underlying credit default swap contract for a desired level of protection.

Abstract: A system, method, and computer program product are provided for the creation of enhanced bonds. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. A bond dealer is able to exchange a traditional bond instrument, which has been issued in a manner that permits the exchange, for enhanced bonds by selling the credit default swap contract to an eBond LLC and tendering the exchangeable bonds for eBonds through the bond indenture trustee. The enhanced bond facilitator calculates the exchange rates for these instruments at the time of exchange based on several variables, including the cost of the underlying credit default swap contract for a desired level of protection.

Abstract: A system, method, and computer program product are provided for the creation of enhanced bonds. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. A bond dealer is able to exchange a traditional bond instrument, which has been issued in a manner that permits the exchange, for enhanced bonds by selling the credit default swap contract to an eBond LLC and tendering the exchangeable bonds for eBonds through the bond indenture trustee. The enhanced bond facilitator calculates the exchange rates for these instruments at the time of exchange based on several variables, including the cost of the underlying credit default swap contract for a desired level of protection.