Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-01-11
2011-01-11
Cheung, Mary (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
07870061
ABSTRACT:
A system and method for transferring longevity risk is disclosed. According to an example of the disclosure, a trading system receives an order to trade a financial instrument in which counterparties agree to exchange, for a predetermined period of time, a difference between an expected and actual cash flow stream associated with one or more assets or liabilities affected by mortality-based longevity risk, wherein the predetermined period of time includes one or more calculation periods that each last less than a term of the one or more assets or liabilities, receives updated mortality information underlying the longevity risk, and calculates the difference to be exchanged for each of the one or more calculation periods.
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Cheung Mary
Meredith & Keyhani, PLLC
Meredith, Esq Jennifer
Nguyen Tien C
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