Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-02-07
2006-02-07
Patel, Jagdish (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S038000
Reexamination Certificate
active
06996540
ABSTRACT:
A switch engine module receive interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. In particular, an embodiment provides for a switch auction whereby users can use an auction process to trade for forward rate agreement switches with other counterparties. In the switch auction, the price is predetermined by the system prior to the auction so that parties can opt out of the transaction if desired. The credit preferences of the participating traders are taken in consideration in making matches.
REFERENCES:
patent: 3581072 (1971-05-01), Nymeyer
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4677552 (1987-06-01), Sibley, Jr.
patent: 4903201 (1990-02-01), Wagner
patent: 4953085 (1990-08-01), Atkins
patent: 4980826 (1990-12-01), Wagner
patent: 5003473 (1991-03-01), Richards
patent: 5077665 (1991-12-01), Silverman et al.
patent: 5101353 (1992-03-01), Lupien et al.
patent: 5126936 (1992-06-01), Champion et al.
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5168446 (1992-12-01), Wiseman
patent: 5193056 (1993-03-01), Boes
patent: 5258908 (1993-11-01), Hartheimer et al.
patent: 5270922 (1993-12-01), Higgins
patent: 5285383 (1994-02-01), Lindsey et al.
patent: 5297031 (1994-03-01), Gutterman et al.
patent: 5375055 (1994-12-01), Togher et al.
patent: 5396552 (1995-03-01), Jahn et al.
patent: 5446885 (1995-08-01), Moore et al.
patent: 5517406 (1996-05-01), Harris et al.
patent: 5557517 (1996-09-01), Daughterty, III
patent: 5594639 (1997-01-01), Atsumi
patent: 5630127 (1997-05-01), Moore et al.
patent: 5644727 (1997-07-01), Atkins
patent: 5799287 (1998-08-01), Dembo
patent: 5802499 (1998-09-01), Sampson et al.
patent: 5819237 (1998-10-01), Garman
patent: 5845266 (1998-12-01), Lupien et al.
patent: 5873071 (1999-02-01), Ferstenberg et al.
patent: 5905974 (1999-05-01), Fraser et al.
patent: 5915209 (1999-06-01), Lawrence
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5924083 (1999-07-01), Silverman et al.
patent: 5940810 (1999-08-01), Traub et al.
patent: 5950175 (1999-09-01), Austin
patent: 5950176 (1999-09-01), Keiser et al.
patent: 5970479 (1999-10-01), Shepherd
patent: 6012046 (2000-01-01), Lupien et al.
patent: 6014627 (2000-01-01), Togher et al.
patent: 6014643 (2000-01-01), Minton
patent: 6098051 (2000-08-01), Lupien et al.
patent: 6134600 (2000-10-01), Liu
patent: 6195647 (2001-02-01), Martyn et al.
patent: 0 399 850 (1990-11-01), None
patent: 0 407 026 (1991-01-01), None
patent: 0 411 748 (1991-02-01), None
patent: 0512702 (1992-11-01), None
patent: 0 790 568 (1997-02-01), None
patent: WO 95 06918 (1995-03-01), None
patent: WO 96 05563 (1996-02-01), None
patent: WO 96 34357 (1996-10-01), None
patent: WO 97 03409 (1997-01-01), None
Litterman et al.; Managing Market Exposure, Journal of Portfolio Management, v22, n4, p32(16), Summer 1996.
Jerome Yen, Ho Geun, Lee and Tung Bui;Intelligent Clearinghouse:Electronic Marketplace with Computer-Mediated Negotiation Supports;Proceedings of the Twenty-Ninth Hawaii International Conference on System Sciences, Proceedings of HICSS-29; 29thHawaii International conference on System Sciences, Wailea, HI, US, Jan. 3-6, 1996; pp. 219-2217, vol. 3; XP002097382 ISBN 0-8186-7330-3, 1996; Los Alamitos, California, IEEE Computer Soc. Press.
Rabatin, Adaptive Portfolio Trading Strategies for Forex Portfolios, Journal, Apr. 1997, pp. 1-11, Issue 4, Rabatin Investment Technology.
Higgens, Managing the Risk of Your Global Bond Portfolio, Journal, Apr. 1996, pp. 13-16, Issue 0951-3604, Global Investor.
Avanzato, How to Use The Collateral Carousel, Journal, Jan. 1998, pp. 29-31, Issue 0262-6969, International Financial Law Review.
Ludwig, Supervision by Risk, Journal, Nov. 1995, pp. 52-60, Issue 1062-6271, Journal of Commercial Lending.
Derivatives Tool Merger, Report, Feb. 19, 1996, p. 4, vol. 28, No. 4, Issue 1042-7252, Software Industry Report.
Maguire, Details on Derivatives AIG Breaks Down Exposure, Journal, Jun. 13, 1994, p. 1, vol. 4, No. 23, The Insurance Accountant.
TDC Symbology Guide, Article, Nov. 2001, pp. 1-14, Track Data Corporation, Brooklyn, United States.
Alston & Bird LLP
Blackbird Holdings, Inc.
Patel Jagdish
LandOfFree
Systems for switch auctions utilizing risk position... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Systems for switch auctions utilizing risk position..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Systems for switch auctions utilizing risk position... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3651939