Electronic credit default futures market

Details Electronic credit default futures market Electronic credit default futures market

2011-06-28

2011-06-28

Frenel, Vanel (Department: 3687)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Accounting

C705S037000, C705S03600T, C705S034000

Reexamination Certificate

active

07970670

ABSTRACT:
Systems and methods are provided for providing a credit default futures market. A system providing the credit default futures market includes a processor, memory and an interface. The interface is configured to display credit default futures contracts that subscribe to a set of standard terms and conditions. The processor is configured to settle certain credit futures contracts in kind and other in cash, depending on, at least in part, the maturity date of the futures contract. A method is presented for electronically clearing and settling probability of default futures contracts.

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