Intellectual property securitization-A new financing channel for DRAM industry
碩士 === 國立交通大學 === 管理學院碩士在職專班管理科學組 === 93 === Intellectual properties backed securitization has been a popular issue. Since the royalty receivables derivate from intellectual property has comparatively more predictable cash flows, these receivables would be more suitable to play the role of underlyin...
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| Format: | Others |
| Language: | en_US |
| Published: |
2005
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| Online Access: | http://ndltd.ncl.edu.tw/handle/85577695662803344707 |
| Summary: | 碩士 === 國立交通大學 === 管理學院碩士在職專班管理科學組 === 93 === Intellectual properties backed securitization has been a popular issue. Since the royalty receivables derivate from intellectual property has comparatively more predictable cash flows, these receivables would be more suitable to play the role of underlying assets for intellectual property backed securitization. This article focuses on the securitization backed on the royalty receivables from patents and related technologies in the DRAM industry.
A tranched structure bond corresponds to the cash flows of the underlying assets is proposed. The relationship between different overcollateralizations and funding costs are compared. The results might be applied in providing more financial channels for DRAM companies with patents and related technologies.
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