Exchange of Information and Values Taking Privacy into Consideration - IT Enabled Services - page 199

12.5.3.5 Resolving Multiple Copyrights
If contents contain multiple copyrights or private information and if the content
usage requires some negotiation between Distributor and Agent , the Capsule is
copied and is forwarded based on each Trace set such as the multicast routing. An
example shown in Fig. 12.4 . In this case, a secondary contents is composed from
original contents 1 and original contents 2 by user 2. User1 is plays as a user, a
distributor and a router. If user 2 should resolve the rights with original distributors,
Downlink message is distributed to user 2 as a second use distributor, distributor 1
and distributor 3.
12.6 Financial Securitization with Digital Rights Management
System
12.6.1 Background
Subprime mortgage crisis is a serious financial problem (The Rise and Fall of
Subprime Mortgages 2007 ). The financial securities of the subprime lending are
issued by using the structured finance. Because of complexities of the structured
finance (The role of ratings in structured finance: issues and implications 2005 ),
the securitization of the assets, distribution of the securities and the protection of the
private information among transactions of secirities on IT enable networks became
serious problems. Especially, uncertainness of the securities that which debts are
included the securities. On the other hand, we studied an application for the privacy
information control using the digital rights management system (Kinoshita and
Morizumi 2008 ). In this paper, we show that the information capsule for the
copyright management could be used to the securitization and its concurrency.
We propose the method of the securitization with the information capsule
(Kinoshita and Morizumi 2008 ; Yoshioka et al. 2003 ) which includes mobile
agents. By applying this method to the system that a investor could check the
uncertainness of the own securities. For example which obligation is contained or
how to estimate the value of the securities.
12.6.2 Problems on the Securitization
The securitization is a structured finance process (The role of ratings in structured
finance: issues and implications 2005 ). The cash flow from loan, obligation or
mortgage backed security of the debtors producing financial assets are securitized.
Figure 12.6 shows the entities who appeared in securitization. The originator
initially owns the assets engaged in the deal. Special purpose vehicle (SPV) is a
legal entity. An originator negotiates the assets to the SPV to manage the assets and