摘要:
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.
摘要:
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.
摘要:
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.
摘要:
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.
摘要:
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.
摘要:
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.
摘要:
An RF receiving circuit that selectively attenuates a received RF signal before it reaches sensitive modifying devices, such as a low noise amplifier or an analog to digital converter. The receiving circuit includes a delay element upstream of its attenuator so that high energy pulses of a short duration (for example, less than 10 nanoseconds) can be effectively attenuated despite coupler, detector, threshold and/or switch delays of the attenuation related circuitry.
摘要:
An apparatus for the treatment of 100% reclaimed asphaltic pavement (RAP) uses low temperatures and no direct radiation from a burner flame to the RAP. The RAP is first heated in a counter flow drum which is supplied with hot combusting gases generated by a remote low NOx burner. The temperature of the drum input gases is preferably around 1100 degrees F and the output temperature of the gases may be 100 degrees F or less greater than the input temperature of the RAP. The RAP may be heated with a microwave oven to raise the RAP to a final temperature, although this step is not absolutely necessary in the counterflow design of this invention.
摘要:
The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U.S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures.
摘要:
Apparatus which controls recycled asphalt production rate, emissions, mix and output temperature in an asphalt mixer. Computer flow charts show control decisions based upon measured parameters which include drum slope, drum RPM, gas volume into the drum, gas volume out of the drum, drum inlet gas temperature, drum outlet gas temperature, hydrocarbons in the exhaust, and recycled asphalt outlet temperature.