公开(公告)号：US08606687B2

公开(公告)日：2013-12-10

申请号：US13187846

申请日：2011-07-21

Applicant: Richard Co ,  Steven Youngren ,  Lori Aldinger ,  John Labuszewski

Inventor： Richard Co ,  Steven Youngren ,  Lori Aldinger ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/00

Abstract: A type of multi-laterally traded contract may designate a primary currency and a secondary currency. The primary currency may be used for settlement and/or other payment obligations in connection with instances of the contract type. Under certain conditions, however, authorization may be given for settlement and/or payment of at least some obligations using an equivalent amount of the secondary currency.

Abstract translation: 一种多边交易合约可以指定主要货币和次要货币。 主要货币可用于与合同类型的实例相关的结算和/或其他支付义务。 然而，在某些条件下，可以授权使用等量的第二货币来结算和/或支付至少一些义务。

公开(公告)号：US20130179319A1

公开(公告)日：2013-07-11

申请号：US13348251

申请日：2012-01-11

Applicant: Peter Barker ,  James Boudreault ,  Daniel Grombacher ,  Michael P. Kamradt ,  Frederick Sturm ,  John Labuszewski

Inventor： Peter Barker ,  James Boudreault ,  Daniel Grombacher ,  Michael P. Kamradt ,  Frederick Sturm ,  John Labuszewski

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: The disclosed embodiments relate to an exchange-traded futures contract, guaranteed by a clearing house, and characterized by an embedded price dynamic comprising a compound accrual of a periodic interest rate up to a date on which trading therein is terminated, as specified in the futures contract terms and conditions. A trader may be allowed and/or enabled to take a position in a futures contract with respect to an interest bearing underlier with a variable interest rate and, thereby, minimize the number of transactions and attendant costs with respect to monitoring and correcting for divergences between the futures position and the notional interest rate swap exposure for which the futures position is intended to serve as a proxy. Variation margin for the position is computed based on an underlying reference interest rate as opposed to being computed solely on the basis of the end-of-business day price of the futures contract.

Abstract translation: 所披露的实施例涉及由结算所担保的交易所交易期货合约，其特征在于嵌入式价格动态，其包括在期货交易截止日期之前应计的定期利率的复合，如期货 合同条款和条件。 交易者可能被允许和/或能够在具有可变利率的利率低于期权的期货合约中担任职位，从而最大限度地减少交易数量和伴随成本，以监测和纠正两者之间的差异 期货头寸和期货头寸旨在作为代理人的名义利率掉期敞口。 基于相关参考利率计算头寸的变动幅度，而不是仅根据期货合约的工作结束日价格计算。

公开(公告)号：US08423446B2

公开(公告)日：2013-04-16

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: G06Q40/00

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：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：US20130024346A1

公开(公告)日：2013-01-24

申请号：US13187846

申请日：2011-07-21

Applicant: Richard Co ,  Steven Youngren ,  Lori Aldinger ,  John Labuszewski

Inventor： Richard Co ,  Steven Youngren ,  Lori Aldinger ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/00

Abstract: A type of multi-laterally traded contract may designate a primary currency and a secondary currency. The primary currency may be used for settlement and/or other payment obligations in connection with instances of the contract type. Under certain conditions, however, authorization may be given for settlement and/or payment of at least some obligations using an equivalent amount of the secondary currency.

Abstract translation: 一种多边交易合约可以指定主要货币和次要货币。 主要货币可用于与合同类型的实例相关的结算和/或其他支付义务。 然而，在某些条件下，可以授权使用等量的第二货币来结算和/或支付至少一些义务。

公开(公告)号：US20130024345A1

公开(公告)日：2013-01-24

申请号：US13187837

申请日：2011-07-21

Applicant: Richard Co ,  Steven A. Youngren ,  Lori Aldinger ,  John Labuszewski

Inventor： Richard Co ,  Steven A. Youngren ,  Lori Aldinger ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/00

Abstract: In the context of multi-laterally traded contracts, a method may be invoked in the event that payments denominated in a particular currency that are required in satisfaction of the contractual obligations of the contract cannot be made. Payments may be deferred for a specified number of business days or until such time as commercially practicable. Unpaid payments due may accrue interest and/or penalties at rates as determined by a governing body.

Abstract translation: 在多边交易合同的情况下，如果不能以合同的合同义务所需的以特定货币计价的支付，则可以援引一种方法。 付款可能会延迟指定的工作日数，或直到商业上可行的时间。 未付的付款可能会由理事机构确定的利率和/或罚款。

公开(公告)号：US20130018771A1

公开(公告)日：2013-01-17

申请号：US13183186

申请日：2011-07-14

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: The disclosed embodiments relate to creation and administration by automated means of Logged derivatives contracts. These contracts, e.g. a futures contract or “over the counter” (OTC) derivative, are cash-settled derivatives based on, and quoted by reference to, the natural logarithm of the value of the underlying product, e.g., the S&P 500.

Abstract translation: 所公开的实施例涉及通过记录的衍生品合约的自动化手段创建和管理。 这些合同，例如 期货合约或柜台（OTC）衍生工具均为基于并引用参考基准产品价值的自然对数（例如标准普尔500指数）的现金结算衍生工具。

公开(公告)号：US20120323764A1

公开(公告)日：2012-12-20

申请号：US13162821

申请日：2011-06-17

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/00 ,  G06Q20/28 ,  G06Q20/381 ,  G06Q20/387 ,  G06Q40/025 ,  G06Q40/04 ,  G06Q40/06

Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.

Abstract translation: 公开了一种由中央交易对手在交易商账户之间移动资金以促进支付的系统，即在其间进行资金流动的系统，其提供了支持更简单会计，新型衍生工具合同以及新类型费用的灵活机制。 被披露的期货合约（被称为付款人合约）包括不确定性期货合约，即定义初始价值和结算价值参数，利用结算系统的机制例如适应相关的支付。 因此，提供了合同和价格之间的一对多关系，其中每个价格部分可以被分配自己的付款人合同。 付款人合同的功能可能是保证相关职位的流动。 在一个实施例中，每当需要支付时动态创建付款人合同。

公开(公告)号：US20140074680A1

公开(公告)日：2014-03-13

申请号：US13613712

申请日：2012-09-13

Applicant: David Emerick ,  John Labuszewski ,  Will Patrick ,  Sandra Ro ,  Roger Rutherford ,  Steve Youngren

Inventor： David Emerick ,  John Labuszewski ,  Will Patrick ,  Sandra Ro ,  Roger Rutherford ,  Steve Youngren

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter.

Abstract translation: 与特定主题的现货市场交易相关联的计算机系统可以与与期货合约交易相关联的计算机系统或期货合约中的期权进行通信。 通信可以包括期货合约或期货合约中期权合约中的至少一个的定价数据，该定价数据可用于现货市场定价。 通信还可以包括关于主题的现货交易的期货对冲的通信。

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。