Paired basis swap risk and credit mitigation system and collateral minimization system

    公开(公告)号:US08429058B2

    公开(公告)日:2013-04-23

    申请号:US12559083

    申请日:2009-09-14

    IPC分类号: G06Q40/00

    摘要: A paired basis swap risk and credit mitigation system and collateral minimization system. In swaps used to hedge forward contracts a system authority interposes itself and forms paired basis swaps with each of the paired swap participants and itself together with a Swaption to allow it to maintain a level book in the event of a default by any counterparty. In the event of a default the system authority has the ability to either terminate a swap and pay the non-defaulting counterparty an agreed upon termination payment, terminate the non-defaulting counterparty's swap and exercise the swaption to substitute a correlated swap with appropriate correlated termination payment; or substitute a new counterparty with an identical swap as the paired swap participant. Paired basis swap control through delivery can be enabled to continue the risk and credit mitigation benefits of the system.

    PAIRED BASIS SWAP RISK AND CREDIT MITIGATION SYSTEM AND COLLATERAL MINIMIZATION SYSTEM
    7.
    发明申请
    PAIRED BASIS SWAP RISK AND CREDIT MITIGATION SYSTEM AND COLLATERAL MINIMIZATION SYSTEM 有权
    配对基础交换风险和信用减缓系统和收敛最小化系统

    公开(公告)号:US20090327160A1

    公开(公告)日:2009-12-31

    申请号:US12559083

    申请日:2009-09-14

    IPC分类号: G06Q40/00

    摘要: A paired basis swap risk and credit mitigation system and collateral minimization system. In swaps used to hedge forward contracts a system authority interposes itself and forms paired basis swaps with each of the paired swap participants and itself together with a Swaption to allow it to maintain a level book in the event of a default by any counterparty. In the event of a default the system authority has the ability to either terminate a swap and pay the non-defaulting counterparty an agreed upon termination payment, terminate the non-defaulting counterparty's swap and exercise the swaption to substitute a correlated swap with appropriate correlated termination payment; or substitute a new counterparty with an identical swap as the paired swap participant. Paired basis swap control through delivery can be enabled to continue the risk and credit mitigation benefits of the system.

    摘要翻译: 配对的基础互换风险和信贷减免系统和抵押最小化系统。 在用于对冲远期合约的互换中,系统管理机构将其自身置换并与每个配对掉期参与者及其自身一起进行配对的基本互换以及交换,以允许其在任何交易对手违约的情况下维护一个级别的账簿。 在违约的情况下,系统管理机构有能力终止互换并向未违约交易对手方支付约定的终止支付,终止非违约交易对手的掉期,并行使交换以适当的相关终止替代相关掉期 付款; 或用与配对互换参与者相同的交换替代新交易对手。 可以通过交付配对的基础互换控制来继续系统的风险和信贷减免优势。

    Paired basis swap risk and credit mitigation system and collateral minimization system
    8.
    发明授权
    Paired basis swap risk and credit mitigation system and collateral minimization system 有权
    配对基础互换风险和信用减免系统和抵押最小化系统

    公开(公告)号:US07590588B2

    公开(公告)日:2009-09-15

    申请号:US10764126

    申请日:2004-01-23

    IPC分类号: G06Q40/00

    摘要: A paired basis swap risk and credit mitigation system and collateral minimization system. In swaps used to hedge forward contracts a system authority interposes itself and forms paired basis swaps with each of the paired swap participants and itself together with a Swaption to allow it to maintain a level book in the event of a default by any counterparty. In the event of a default the system authority has the ability to either terminate a swap and pay the non-defaulting counterparty an agreed upon termination payment, terminate the non-defaulting counterparty's swap and exercise the swaption to substitute a correlated swap with appropriate correlated termination payment; or substitute a new counterparty with an identical swap as the paired swap participant. Paired basis swap control through delivery can be enabled to continue the risk and credit mitigation benefits of the system.

    摘要翻译: 配对的基础互换风险和信贷减免系统和抵押最小化系统。 在用于对冲远期合约的互换中,系统管理机构将其自身置换并与每个配对掉期参与者及其自身一起进行配对的基本互换以及交换,以允许其在任何交易对手违约的情况下维护一个级别的账簿。 在违约的情况下,系统管理机构有能力终止互换并向未违约交易对手方支付约定的终止支付,终止非违约交易对手的掉期,并行使交换以适当的相关终止替代相关掉期 付款; 或用与配对互换参与者相同的交换替代新交易对手。 可以通过交付配对的基础互换控制来继续系统的风险和信贷减免优势。