Patents by Inventor Michael Whang

Michael Whang 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).

  • Patent number: 7966248
    Abstract: In one aspect, the invention comprises a method comprising: (1) selling a note to an investor for a specified amount; and (2) using proceeds from selling the note to purchase (a) one or more zero coupon municipal bonds, and (b) an option on at least one of the group comprising: a hedge fund, a fund of funds, and a hedge fund index; wherein the note entitles the investor to substantially all of the returns on the one or more bonds and on the option, wherein the one or more bonds are configured to provide a return substantially equal to the specified amount, and wherein the option is a European option. This option can be a variable option.
    Type: Grant
    Filed: January 31, 2006
    Date of Patent: June 21, 2011
    Assignee: Barclays Capital Inc.
    Inventors: Matthew S. O'Connor, Laura A. Burns, Ping Feng, Aditya V. Bagree, Suk Michael Whang
  • Patent number: 7966251
    Abstract: A credit event referenced asset having a par value includes (a) a provision for a right of a creditor to receive interest on the asset for a credit term, wherein the interest is reduced if a credit event occurs with respect to a reference entity, and (b) a provision for a right of the creditor to receive the par value at a maturity date of the asset.
    Type: Grant
    Filed: May 1, 2002
    Date of Patent: June 21, 2011
    Assignee: Barclays Capital Inc.
    Inventor: Suk Michael Whang
  • Publication number: 20080021819
    Abstract: An asset-backed commercial paper conduit issues commercial paper backed by a receipt which corresponds to a partnership share in a trust that holds a municipal bond. A market value of the commercial paper corresponds to a market value of the receipt, and a control right of the commercial paper substantially corresponds to a control right of the receipt. The control rights of the receipt include a right to veto or direct sale or acquisition of the municipal bond. Holders of the commercial paper and receipt are entitled to distributions of tax exempt income or a second commercial paper or receipt.
    Type: Application
    Filed: July 23, 2007
    Publication date: January 24, 2008
    Applicant: Lehman Brothers Inc.
    Inventor: Michael Whang
  • Publication number: 20060264827
    Abstract: A secure injector and the operating method thereof are proposed. The secure injector includes: a needle cylinder having a body and a needle socket, the body and the needle socket being hollow bodies forming a containing space; a fixing and maintaining section in the form of a hollow tubular body disposed in the needle socket, the fixing and maintaining section including a ringent first fixed section and a second fixed section without puffing; a metallic needle having a withstanding section, the metallic needle being positioned in the hollow tubular body of the fixing and maintaining section, and withstood in the second fixed section by the withstanding section; and an injecting pole having a magnetic component, wherein the magnetic component of the injecting pole attracts the metallic needle through drawing or pulling out the injecting pole, thereby the metallic needle is retracted into the needle cylinder.
    Type: Application
    Filed: September 7, 2005
    Publication date: November 23, 2006
    Inventor: Michael Whang
  • Publication number: 20020184142
    Abstract: A credit event referenced asset having a par value includes (a) a provision for a right of a creditor to receive interest on the asset for a credit term, wherein the interest is reduced if a credit event occurs with respect to a reference entity, and (b) a provision for a right of the creditor to receive the par value at a maturity date of the asset.
    Type: Application
    Filed: May 1, 2002
    Publication date: December 5, 2002
    Applicant: Lehman Brothers Holdings, Inc.
    Inventor: Suk Michael Whang