CHICAGO [January 9, 2009] - Joanne Marlowe, CEO of United Financial Technologies ("UFT"), a designer and developer of financial instruments and solutions, has filed a provisional patent application for the Master Credit Participation Certificate ("CPC").  The CPC has been developed as a means of responding to the swiftly changing currents in the credit marketplace.  By applying a globally standardized approach to syndicating or participating select Credits among a diverse body of Qualified Participants, the CPC becomes a meaningful tool to introduce new sources of credit and liquidity to a market starved for resources.

“In  a market in which credit may need to be participated amongst several institutions in order to meet more substantial borrower needs, UFT saw the need for a uniform, transparent, and flexible credit instrument.  When applied to conventional loan structures, the CPC provides a tool for coordinating the interests of many smaller lenders to achieve a larger financial goal.  When taken in the context of the CVRDN -- another proprietary debt-based instrument developed by UFT -- a new source of credit enhancement is availed that can be aggregated and underwritten with the support of a variety of participating lenders.” said Joanne Marlowe, Chief Executive Officer, United Financial Technologies.  "In order for the CVRDN to be truly useful in the post-2008 credit world, we needed a method for bringing smaller lenders and lower volume credit commitments together; the CPC is our answer."

UFT has granted certain exclusive rights to UFT Commercial Finance that empowers UFT Commercial Finance to build and manage a Master Participating Lender Network among mid-tier and regional banks, financial institutions, and private lenders throughout the United States and abroad.  The advent of a Participating Lender Network combined with a standard set of master credit terms and conditions promotes greater transparency and the introduction of aggregated credit-linked liquidity. 

"In a market that seems paralyzed by the demise of the mega investment bank and the devaluation of assets in key market segments, agility, creativity and inter-institutional cooperation in commercial lending is going to be the hallmark of the next generation of successful bankers.  By locking in a reliable source of wholesale credit and availing it on an inter-bank/inter-lender platform that is designed to strengthen the mid-market and regional bank, UFT Commercial Finance has two high-powered economic engines driving the train." said Henri Atamian, Executive Vice-President of UFT Commercial Finance's Southwestern Office.

The CPC represents a Participating Lender's interest in a specific Credit, whether such Credit be constituted by a conventional loan or funded credit facility or by the issuance of a letter of credit or other credit enhancement facility as such is called for under the operation of a CVRDN.  Under the terms of a Master Participation Agreement, every Participating Lender is assured that the governing general terms and conditions of a CPC are consistent from one credit to the next.  This leads to greater efficiencies in administrating the issuance, purchase and resale of a CPC, and the potential for CPC market liquidity over time.


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United Financial Technologies, a designer and developer of financial instruments and solutions, is a privately held company headquartered in Chicago, Illinois. Learn more about UFT at www.unitedft.com.

UFT Commercial Finance is an alternative credit solutions company and the Network Manager of the Master Participating Lender Network.  It is a privately held company with offices in Chicago, Illinois and Scottsdale, AZ. Learn more about UFT Commercial Finance at www.uftcf.com.


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