et-backed securities of existing and future revenues regarding the 25 records (287 tracks) that David Bowie recorded before 1990..
Asset-backed security (ABS) whoever fundamental collateral includes an intellectual property right. In this arrangement a copyright owner (such as for example lyricist or singer) sells bonds which are serviced and used through the income created because of the sales his works (like documents). It is called after the UNITED KINGDOM stone star David Bowie (fabled for the classics these types of modifications, Asia Girl, let us Dance) whose 1997 relationship problem (underwritten by the Prudential Insurance Co.) was purchased by a small grouping of insurance providers for 55 million dollars. He pledged the long term royalties from 25 of their pre-1990 albums as collateral.