公开(公告)号：US08626638B2

公开(公告)日：2014-01-07

申请号：US12955464

申请日：2010-11-29

Applicant: Richard Co ,  TuenTuen Wang ,  Xing Su ,  John Labuszewski

Inventor： Richard Co ,  TuenTuen Wang ,  Xing Su ,  John Labuszewski

IPC: G06Q40/02

CPC classification number: G06Q40/04

Abstract: Systems and method are disclosed for quoting, adjusting and settling futures contracts by successively removing the just-realized variables from the quoted futures price to focus the quoted contract value to the remaining unrealized economic variables. Further, such systems and method for quoting, adjusting and settling the futures contracts preserve the underlying economic consideration for the trade when compared with the traditional way of quoting futures based on the same cumulative sum.

Abstract translation: 公开披露引用，调整和结算期货合约的制度和方法，连续从被引用的期货价格中删除刚刚实现的变量，将其合并价值重点放在剩余未实现的经济变量上。 此外，引用，调整和解决期货合约的这种制度和方法与传统的基于相同累计金额的期货方式相比较，保持了贸易的基本经济考虑。

公开(公告)号：US20130041843A1

公开(公告)日：2013-02-14

申请号：US13209070

申请日：2011-08-12

Applicant: John Nyhoff ,  Frederick Sturm ,  John Labuszewski

Inventor： John Nyhoff ,  Frederick Sturm ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/06

Abstract: Computer readable media, methods, and apparatuses may be configured for processing a plurality of yields, each of the yields corresponding to a different maturity date, determining a plurality of floating payments based on the yields, determining a plurality of fixed payments based on a fixed interest rate, determining a present value of the floating payments, determining a present value of the fixed payments, and generating a quote for a swap financial product as a function of the present value of the floating payments and the present value of the fixed payments.

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：US20120259795A1

公开(公告)日：2012-10-11

申请号：US13082704

申请日：2011-04-08

Applicant: Robert D. Hammond ,  Richard J. Stevens ,  Frederick Sturm ,  John Labuszewski

Inventor： Robert D. Hammond ,  Richard J. Stevens ,  Frederick Sturm ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/06

Abstract: A futures contract and method of computing a settlement price thereof are disclosed that enables a market participant to shed or acquire financial exposure in a conventional bond spread, in the form of single futures contract, rather than as a bona fide spread requiring active management of distinct long and short component bond positions, e.g. legs. The notional financial exposure of the futures contract is sized, not in terms of notional amounts/quantities of assets represented in the components of the futures contract's reference spread, but rather in terms of the pecuniary value of one basis point (i.e., 0.01 percent per annum) of the spread between yields to maturity for each of the components of the futures contract's reference spread. Effectively, the spread between the yields is defined inversely, i.e. the price per increment of spread is fixed whereas the quantities/notional amounts of reference bonds and the spread between them are not.

Abstract translation: 披露了期货合约和计算其结算价格的方法，使市场参与者能够以单一期货合约的形式流通或获得传统债券利差的财务风险，而不是要求主动管理不同的 长和短组分键位置，例如 腿 期货合约的名义财务风险大小，而不是按期货合约参考利差组成部分的名义金额/资产数量，而是以一个基点的金额价值计算（即0.01％ 年度）期货合约参考利差的每个组成部分的收益率到期限之间的差额。 有效地，收益率之间的差额被定义为逆向，即每个扩展增量的价格是固定的，而参考债券的数量/名义数额和它们之间的差距不是。

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：US20120136770A1

公开(公告)日：2012-05-31

申请号：US12955464

申请日：2010-11-29

Applicant: Richard Co ,  TuenTuen Wang ,  Xing Su ,  John Labuszewski

Inventor： Richard Co ,  TuenTuen Wang ,  Xing Su ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: Systems and method are disclosed for quoting, adjusting and settling futures contracts by successively removing the just-realized variables from the quoted futures price to focus the quoted contract value to the remaining unrealized economic variables. Further, such systems and method for quoting, adjusting and settling the futures contracts preserve the underlying economic consideration for the trade when compared with the traditional way of quoting futures based on the same cumulative sum.

Abstract translation: 公开披露引用，调整和结算期货合约的制度和方法，连续从被引用的期货价格中删除刚刚实现的变量，将所引用的合约价值重点放在剩余的未实现经济变量上。 此外，引用，调整和解决期货合约的这种制度和方法与传统的基于相同累计金额的期货方式相比较，保持了贸易的基本经济考虑。

公开(公告)号：US20120101957A1

公开(公告)日：2012-04-26

申请号：US12909634

申请日：2010-10-21

Applicant: Steve Youngren ,  Lori Aldinger ,  Richard Co ,  Derek Sammann ,  John Labuszewski

Inventor： Steve Youngren ,  Lori Aldinger ,  Richard Co ,  Derek Sammann ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q10/00 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/06 ,  G07F19/20

Abstract: Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.

Abstract translation: 提供了基于突破货币计算索引值的方法和系统。 在实体突破货币联盟之前，可能会形成一个预期的突破指数。 其他方面涉及在突破日期计算初始指数值。 中断货币的初始汇率可以与突破值和/或基准值组合。 在一个实施例中，突破值是初始汇率的倒数。 因此，根据某些实施例，突破指数的初始指标值可以等于基值。 其他方面涉及计算第二指数值。 可以利用突破货币的第二汇率与固定基准值和突破值一起计算突破指数的第二指标值。 其他方面涉及创建货币联盟的预期货币单位。

公开(公告)号：US09460468B2

公开(公告)日：2016-10-04

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.

公开(公告)号：US08751353B2

公开(公告)日：2014-06-10

申请号：US12909658

申请日：2010-10-21

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/00 ,  G06Q40/04 ,  G06Q40/06

Abstract: Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.

Abstract translation: 提供了基于突破货币计算索引值的方法和系统。 在实体突破货币联盟之前，可能会形成一个预期的突破指数。 其他方面涉及在突破日期计算初始指数值。 中断货币的初始汇率可以与突破值和/或基准值组合。 在一个实施例中，突破值是初始汇率的倒数。 因此，根据某些实施例，突破指数的初始指标值可以等于基值。 其他方面涉及计算第二指数值。 可以利用突破货币的第二汇率与固定基准值和突破值一起计算突破指数的第二指标值。 其他方面涉及创建货币联盟的预期货币单位。