FUND RAISING SYSTEM, SECURITIES SELLING SYSTEM AND PROGRAM

摘要

PROBLEM TO BE SOLVED: To allow a company needing reinforcement of financial strength to raise capital funds on a consolidated basis at low cost.;SOLUTION: The company A sets up a special purpose company (TMK) as a consolidated subsidiary, and receives the loan and the like from a loan render. The loan render assigns a loan debt and the like to the TMK, a publisher of L/C and the like publishes standby L/C and the like on repayment relating to the loan debit and the like, and the TMK publishes a precedence fund certificate X. A securities company C sells the precedence fund certificate X to investors D. The securities company C makes the agreement on a right-to-buy β from the investor and a right of recourse γ from an issuer, with the investor D. The precedence fund certificate on which purchase is requested by the investor D, is remarketed by the securities company C. The TMK reduces its capital or is liquidated at a time of advanced redemption and redemption at maturity. The refinance is also available by reissuing the precedence fun certificate.;COPYRIGHT: (C)2005,JPO&NCIPI