Abstract: A method for allowing a second party manager to manage the liability of a first party funded liability issuer by either removing at least a fraction of the funded liability from the issuer's balance sheet or at least offsetting it with a guarantee from the manager to cover the risk of redemption of the liability. The manager will receive a discounted payment of consideration in exchange for taking on the liability. However, the payment will either be calculated such that the liability assumed will likely never be redeemed, minimizing the manager's risk, or else the payment may be invested such that the final value should exceed the potential risk of redemption.