Securitization of Intellectual Property as a Funding Alternative

Inhaltsverzeichnis (Table of Contents)

• INTRODUCTION
• CHALLENGES OF CORPORATE FUNDING
• INTRODUCTION TO INTELLECTUAL PROPERTY
  • Definition and classification
  • Different types of intellectual property
    • Patents
    • Trademarks
    • Copyrights
    • Other types of intellectual property
  • Economic weight of intellectual property
• INTELLECTUAL PROPERTY: A NEW ASSET CLASS IN SECURITIZATION?
  • Securitization
    • the tool in brief
  • Definition of IP in the securitization arena
  • Market overview
  • Benefits and hindrances of IP securitization
    • Corporates
    • Investors
    • Banks
    • Hindrances of market growth
  • Funding conditions
  • Case Study: BioPharma Royalty Trust
• IDENTIFICATION OF SECURITIZABLE INTELLECTUAL PROPERTY
• MAJOR ISSUES IN THE STRUCTURING PROCESS
  • Transaction structure
    • Introductory remarks
    • Direct IP securitization
      • IP true sale structure
      • IP sale and lease-back structures
    • Indirect IP securitization
      • Basic IP royalties structure
      • Conditional assignment structure
      • Secured IP loan structure
    • Servicing
    • Credit enhancement
      • Introductory remarks
      • Internal credit enhancement tools
      • External credit enhancement tools
• EXECUTION OF AN IP BACKED SECURITIZATION
  • Introductory remarks
  • Transaction preparation
  • Documentation
  • Rating Process
  • Marketing and distribution
  • Other borrower obligations

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This master thesis aims to assess the viability of securitizing intellectual property (IP) as an alternative funding source for corporations. The thesis delves into the challenges of traditional corporate funding and explores the potential of IP securitization in addressing these challenges.

• The role of intellectual property in the contemporary economic landscape
• The mechanics and feasibility of securitizing intellectual property
• The potential benefits and drawbacks of IP securitization for corporations, investors, and banks
• The structuring and execution of IP-backed securitizations
• Case studies and real-world examples of IP securitization

Zusammenfassung der Kapitel (Chapter Summaries)

The thesis begins by examining the challenges faced by corporations in securing funding through traditional means. It then introduces the concept of intellectual property and its growing importance in the global economy. Chapter 4 delves into the potential of IP securitization, exploring its definition, market overview, and the benefits and hindrances associated with this innovative funding approach. The thesis also discusses the factors that influence the feasibility and attractiveness of IP securitization, analyzing the perspectives of various stakeholders involved. Chapter 5 focuses on identifying the types of intellectual property that are most suitable for securitization, highlighting key considerations and criteria for evaluating their suitability. The thesis concludes by exploring the intricacies of structuring and executing IP-backed securitizations, covering aspects such as transaction structure, credit enhancement, and the various stages involved in the process.

Schlüsselwörter (Keywords)

The core keywords and focus topics of the thesis revolve around intellectual property, securitization, corporate finance, alternative funding, asset-backed securities, and market dynamics. The thesis investigates the emerging potential of securitizing intellectual property as a funding alternative for corporations, examining its feasibility, benefits, and challenges in a comprehensive manner. The discussion encompasses crucial aspects such as structuring, credit enhancement, and the role of various stakeholders in the IP securitization process.