Using an ERP, the owner remains on title to the real estate or business, whilst a third party depletes its value, typically through a bogus mortgage or some other arrangement whereby the asset is used as collateral or security for a debt.

FORBES: Magazine Article

An alternative to the promissory note arrangement is considered in which a 40-year bond is used as collateral for regular ECB loans which replace an equivalent amount the ELA debt.

FORBES: How Much Would Ireland Benefit from Replacing the Promissory Notes with a Long-Term Bond?