The National Structured Settlement Trade Association (NSSTA) recently issued a memo* discussing the selling of factored structured settlements payments ("recycled payment rights") as investment vehicles or as a means to fund future settlement payments.
A new investment product is showing up at settlement conferences. Often referred as “refactored annuities” or “secondary market annuities,” these are made up of structured settlement payments that have been previously transferred by an injured party to a factoring company, and then either sold individually, or are pooled and sold as repackaged structures in the secondary market.
