公开(公告)号：US20130041802A1

公开(公告)日：2013-02-14

申请号：US13572828

申请日：2012-08-13

Applicant: Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

Inventor： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

公开(公告)号：US20130018770A1

公开(公告)日：2013-01-17

申请号：US13183132

申请日：2011-07-14

Applicant: Richard Co ,  Steve Youngren ,  John Wiley ,  David Boberski ,  John Labuszewski ,  John Nyhoff

Inventor： Richard Co ,  Steve Youngren ,  John Wiley ,  David Boberski ,  John Labuszewski ,  John Nyhoff

IPC: G06Q40/00

CPC classification number: G06Q40/06

Abstract: The disclosed embodiments relate to a futures contract, the value of which is based on the value of the underlying asset multiplied by a variable multiplier value which is based on a variable parameter.

Abstract translation: 所公开的实施例涉及期货合约，其期望价值基于潜在资产的价值乘以基于可变参数的可变乘数值。

公开(公告)号：US08265965B2

公开(公告)日：2012-09-11

申请号：US11611433

申请日：2006-12-15

Applicant: Richard Co ,  John Labuszewski ,  John Nyhoff

Inventor： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC: G06Q40/00

CPC classification number: G06Q40/06 ,  G06Q40/04

Abstract: Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

Abstract translation: 描述了用于处理和清除具有数字结果和多个成分的衍生产品的方法，系统和装置。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 可以通过市场价格调整市场价格，并通过分析其他信息，例如衍生产品参考实体的信用评级变化。 由于价格调整，买方和卖方之间可能会产生现金流量（例如信用卡和借记帐户）。 在衍生产品的每个成分中的触发预定事件之后，衍生产品可以支付预定最终结算金额的百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US20140019324A1

公开(公告)日：2014-01-16

申请号：US13546083

申请日：2012-07-11

Applicant: John Nyhoff ,  Steve Youngren ,  Sandra Ro ,  Richard Co ,  John Labuszewski

Inventor： John Nyhoff ,  Steve Youngren ,  Sandra Ro ,  Richard Co ,  John Labuszewski

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: Systems and methods are provided for processing and settling futures contracts that have multiple settlement provisions. A single futures contract may include both a physical delivery settlement provision and a cash settlement provision. Cash settlement provisions may involve inconvertible currencies.

Abstract translation: 提供了处理和结算具有多重结算条款的期货合约的制度和方法。 单一期货合约可能包括实物交割结算条款和现金结算条款。 现金结算条款可能涉及不可兑换的货币。

公开(公告)号：US20130024344A1

公开(公告)日：2013-01-24

申请号：US13186235

申请日：2011-07-19

Applicant: David Boberski ,  John Wiley ,  John Nyhoff ,  John Labuszewski

Inventor： David Boberski ,  John Wiley ,  John Nyhoff ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: Novel systems and methods for selectively listing a commodity under one or more different commodity codes are provided. A single commodity may be selectively listed under different commodity codes based upon whether it is offered on an opening or closing basis. The commodity may be an Interest Rate Swap (IRS). It may be matched with bids according to a fixed rate variable when listed under the first code. The same commodity may then be listed on the same exchange under a second commodity code. In one embodiment, the commodity listed under the second commodity code may be matched with bids according to a different variable, such as, for example, a currency amount. In one implementation, the currency amount of the second variable may represent a non-par payment.

Abstract translation: 提供了用于以一种或多种不同商品代码选择性地列出商品的新型系统和方法。 可以根据是开放还是关闭提供单一商品，根据不同的商品代码选择性地列出。 商品可能是利率互换（IRS）。 根据第一个代码列出，可以根据固定费率变量来匹配出价。 相同的商品可以在第二个商品代码的同一交易所上市。 在一个实施例中，根据第二商品代码列出的商品可以根据不同的变量（例如货币金额）与出价相匹配。 在一个实现中，第二变量的货币金额可以表示非参数支付。

公开(公告)号：US20120303510A1

公开(公告)日：2012-11-29

申请号：US13569916

申请日：2012-08-08

Applicant: Richard Co ,  John Labuszewski ,  John Nyhoff

Inventor： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC: G06Q40/04

CPC classification number: G06Q40/06 ,  G06Q40/04

Abstract: Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

Abstract translation: 描述了用于处理和清除具有数字结果和多个成分的衍生产品的方法，系统和装置。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 可以通过市场价格调整市场价格，并通过分析其他信息，例如衍生产品参考实体的信用评级变化。 由于价格调整，买方和卖方之间可能会产生现金流量（例如信用卡和借记帐户）。 在衍生产品的每个成分中的触发预定事件之后，衍生产品可以支付预定最终结算金额的百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US08266026B2

公开(公告)日：2012-09-11

申请号：US11537441

申请日：2006-09-29

Applicant: Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

Inventor： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

Abstract translation: 描述了用于处理和清除具有二进制结果并且基于触发事件的最终结算的衍生产品的系统和方法。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 市场价格可能会以市场价格为基础，并通过分析其他信息（例如参考实体的信用评级）进行调整。 由于价格调整，买家和卖家之间可能会产生现金流。 衍生产品可以在触发预定事件时支付预定的最终结算量或百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US20140081818A1

公开(公告)日：2014-03-20

申请号：US13617845

申请日：2012-09-14

Applicant: Richard Co ,  John Nyhoff ,  Xing Su ,  Tuen Tuen Wang ,  John Labuszewski

Inventor： Richard Co ,  John Nyhoff ,  Xing Su ,  Tuen Tuen Wang ,  John Labuszewski

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A method for matching compound orders from a group of market participants includes receiving, via a communication network, compound order data, the compound order data specifying a maximum amount of a financial instrument of a plurality of financial instruments to be bought or sold by each market participant, accessing a memory in which price data is stored, the price data indicating a current price of each financial instrument, implementing, with a processor, a linear solver to maximize fulfillment of the compound orders via order matching for execution at the current prices in accordance with the maximum amounts specified in the compound order data and in accordance with a maximum net risk exposure level for each market participant arising from the fulfillment of the compound orders, and transmitting trade data indicative of the order matching for execution of trades among the market participants at the current prices.

Abstract translation: 一种用于匹配来自一组市场参与者的复合订单的方法包括经由通信网络接收复合订单数据，指定每个市场要购买或出售的多种金融工具的金融工具的最大金额的复合订单数据 参与者访问存储价格数据的存储器，指示每个金融工具的当前价格的价格数据，用处理器实现线性求解器，以通过以当前价格执行的订单匹配来最大限度地实现复合订单 按照复合订单数据中规定的最大金额，并根据实现复合订单的每个市场参与者的最大净风险敞口水平，以及传达指示市场执行交易顺序匹配的交易数据 参与者以目前的价格。

公开(公告)号：US20130110691A1

公开(公告)日：2013-05-02

申请号：US13285538

申请日：2011-10-31

Applicant: John Nyhoff ,  John Labuszewski ,  Richard Co ,  Xing Su

Inventor： John Nyhoff ,  John Labuszewski ,  Richard Co ,  Xing Su

IPC: G06Q40/06

CPC classification number: G06Q40/06 ,  G06Q40/04

Abstract: Futures contract types forming opposing legs of a spread package type can be weighted by the degree to which return rates of subject matters of those legs vary relative to a benchmark. Individual spread package instances of the spread package type can be traded based on bids and/or offers specifying a price spread.

Abstract translation: 形成展开包装类型的对立腿的期货合约类型可以通过这些腿的主题的回报率相对于基准的程度而加权。 可以根据出价和/或指定价格差价的优惠来交易传播包类型的个人传播包实例。

公开(公告)号：US20130031020A1

公开(公告)日：2013-01-31

申请号：US13190864

申请日：2011-07-26

Applicant: David Boberski ,  John Wiley ,  John Nyhoff ,  John Labuszewski

Inventor： David Boberski ,  John Wiley ,  John Nyhoff ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/00

Abstract: Systems and methods are provided for implementing risk retention programs for originators and securitizers of asset backed securities. An administrative contract identified as a margin as credit enhancement contract is created for a corresponding asset backed security. A risk retention entity is assigned a long position for the margin as credit enhancement contract corresponding to a predetermined percentage of the asset backed security. A buyer of the asset backed security is assigned a short position for the margin as credit enhancement contract. When the asset backed security expires, a computer device settles the long and short positions of the margin as credit enhancement contract.

Abstract translation: 为资产支持证券的发起人和证券化者实施风险保留计划提供了系统和方法。 为相应的资产支持证券创建了作为信用增值合同确定为保证金的行政合同。 风险保留实体被指定为保证金的长仓，作为与资产支持证券的预定百分比相对应的信用增强合同。 资产支持证券的买方被指定为作为信贷增值合同的保证金的空头头寸。 当资产支持证券到期时，计算机设备结算作为信用增值合同的保证金的多头和空头头寸。