Patents by Inventor Frank Pertusiello

Frank Pertusiello has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method and system for issuing letters of credit
    Patent number: 7877324
    Abstract: A system and method for issuing letters of credit. The system and method issue a first letter of credit from a second party to a third party, and issue at least one second letter of credit from the third party to at least one fourth party. The system and method also provide a credit facility from the second party to a first party, the credit facility associated with the first and second letters of credit. The system and method also transfer credit risk from the credit facility to at least one fifth party under a participation agreement.
    Type: Grant
    Filed: December 22, 2004
    Date of Patent: January 25, 2011
    Assignee: Citigroup Global Markets, Inc.
    Inventors: Rick Caplan, Marcy Engel, Steve Incontro, Stanley Louie, Frank Pertusiello
  • Method and system for issuing letters of credit
    Publication number: 20060136331
    Abstract: A system and method for issuing letters of credit. The system and method issue a first letter of credit from a second party to a third party, and issue at least one second letter of credit from the third party to at least one fourth party. The system and method also provide a credit facility from the second party to a first party, the credit facility associated with the first and second letters of credit. The system and method also transfer credit risk from the credit facility to at least one fifth party under a participation agreement.
    Type: Application
    Filed: December 22, 2004
    Publication date: June 22, 2006
    Inventors: Rick Caplan, Marcy Engel, Steve Incontro, Stanley Louie, Frank Pertusiello