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    • 3. 发明申请
    • PAIRED BASIS SWAP RISK AND CREDIT MITIGATION SYSTEM AND COLLATERAL MINIMIZATION SYSTEM
    • 配对基础交换风险和信用减缓系统和收敛最小化系统
    • WO2004066101A2
    • 2004-08-05
    • PCT/US2004/001886
    • 2004-01-23
    • PERRY, J., ScottTURBEVILLE, Wallace, C.HAMILTON, Paul
    • PERRY, J., ScottTURBEVILLE, Wallace, C.HAMILTON, Paul
    • G06F
    • G06Q40/06G06Q20/102G06Q40/02G06Q40/04
    • 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.
    • 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,系统管理机构自行设置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。
    • 4. 发明申请
    • AGENCY PAYMENT SYSTEM
    • 代理支付系统
    • WO2006076718A2
    • 2006-07-20
    • PCT/US2006/001590
    • 2006-01-17
    • PERRY, Scoot, J.TURBEVILLE, Wallace, C.HAMILTON, Paul
    • PERRY, Scoot, J.TURBEVILLE, Wallace, C.HAMILTON, Paul
    • G06Q40/00
    • G06Q40/00G06Q40/04
    • An agency payment system for transactions covered by a virtual market control entity between participants. The system determines all payments required to be made by each virtual market control entity participant on a given day. It nets all of each of the participant's required payments to be made with the payments received by the virtual market control entity on the previous day due to each participant to obtain a net cash movement, either from the virtual market control entity to the participant's account or from the participant's account to the virtual market control entity. It transfers between the participant's account and the virtual market control entity's account and each participant's account the net cash movements to the virtual market control entity's account. It then transfers between the virtual market control entity's account and each participant's account the net cash movements to the participant's account.
    • 参与者之间由虚拟市场控制实体涵盖的交易的代理支付系统。 该系统确定每个虚拟市场控制实体参与者在给定日期所需的所有付款。 由于每个参与者由于虚拟市场控制实体获得净现金流动,从虚拟市场控制实体到参与者的帐户,将虚拟市场控制实体收到的付款全部纳入参与者所需的付款, 从参与者的帐户到虚拟市场控制实体。 它在参与者的帐户和虚拟市场控制实体的帐户和每个参与者的帐户之间转移到虚拟市场控制实体的帐户的净现金流动。 然后,它在虚拟市场控制实体的账户和每个参与者账户之间转移到参与者账户的净现金流动。
    • 5. 发明申请
    • RISK MEASUREMENT MANAGEMENT AND TRADE DECISIONING SYSTEM
    • 风险测量管理和贸易决策系统
    • WO2004019255A1
    • 2004-03-04
    • PCT/US2003/026623
    • 2003-08-22
    • TURBEVILLE, Wallace, C.PERRY, Scott, J.
    • TURBEVILLE, Wallace, C.PERRY, Scott, J.
    • G06F17/60
    • G06Q40/06G06Q40/04
    • A method of determining whether to allow a new trade of a contract in a system which determines the value of margin amounts (210) supporting trading and evaluates the total value at risk in a portfolio of traded contracts. The system compares (250) the value at risk in the portfolio to the value of margin amounts to calculate the excess available margin. After calculating the allowable notional trade volume, allowable notional trade quantity and the risk per unit of commodity for a new trade it determines whether the new trade has a value at risk which exceeds the excess available margin (270). It then approves or rejects the trade based upon a determination of whether the value at risk of the new trade exceeds the excess available margin. It also includes a second chance mechanism for rejected trades if the effect of the trade would be to increase the excess available margin of the portfolio (310).
    • 确定是否允许在确定支持交易的保证金金额(210)的价值的系统中进行合同的新交易并评估交易合约组合中的风险总值的方法。 系统比较(250)投资组合中的风险值与保证金数额以计算超出的可用保证金。 在计算允许的名义交易量,允许的名义交易数量和新单位商品的风险后,它会确定新交易的风险价值是否超过了可用保证金(270)。 然后,基于确定新交易的风险价值是否超过可用保证金余额,批准或拒绝交易。 如果交易的效果是增加投资组合的超额可用保证金,那么它还包括被拒交易的第二种机会机制(310)。