Apparatus for insuring futures contracts against catastrophic lo

Details Apparatus for insuring futures contracts against catastrophic lo Apparatus for insuring futures contracts against catastrophic lo

1990-05-10

1993-04-13

Envall, Jr., Roy N.

Boots, shoes, and leggings

364401, 364406, G06F 1520, G06G 752

Patent

active

052028275

ABSTRACT:
Point-of-sale stations serve as data entry points for customer transactions including various data for insurance unit purchases and renewals, unit cancellations resulting from investor- or broker- initiated sales of insured futures contracts, and insurance-activated sales when the price of the futures contract has declined below the insurance activation price. A central office computer receives, tests and processes the customer transaction data from the multiple point-of-sale stations. The central system provides information concerning the number and type of futures contracts currently insured, as well as how the current investment portfolio matches the current projection of possible loss claims against the insurance plan. By comparing the current price with the purchase price of the futures contract, it is determined when the insured's loss has exceeded the insurance activation price, at which time the futures position is to be sold by the broker. The central system provides periodic reports concerning insurance transactions.

REFERENCES:
patent: 4412287 (1983-10-01), Braddock, III
patent: 4677933 (1987-07-01), Rotella
patent: 4823265 (1989-04-01), Nelson
patent: 4903201 (1990-02-01), Wagner
patent: 5126936 (1992-06-01), Champion et al.
Medford, Crockett, "Amex, NASD to Embrace Trading Via Computer", Jan. 11, 1988, Information week, p. 21.
Donnelly, "Is Portfolio Insurance All It's Cracked Up to Be?", Nov. 1986, Institutional Investor, v20n11, pp. 125-139 (full article not currently available).

Affiliated with

Also associated with

Rating

Apparatus for insuring futures contracts against catastrophic lo does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Apparatus for insuring futures contracts against catastrophic lo, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Apparatus for insuring futures contracts against catastrophic lo will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-1159749