Composite commodity financial product
First Claim
1. A method of administering a derivative product, comprising the steps of:
- identifying a portfolio of component financial products in accordance with a sponsoring authority'"'"'s general guidelines;
selecting a plurality of component financial products from the portfolio to form a composite commodity, each of the designated component financial products having no requirement for a relationship to each other or to an independent structure other than the general guidelines;
forming a derivative product based on the composite commodity comprising the selected financial products, the derivative product having a fixed termination date; and
trading the derivative product based upon the composite commodity during a predetermined period of time until the fixed termination date.
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Accused Products
Abstract
A method of administering a composite commodity financial product involves the identification of a portfolio of component financial products. A number of component financial products are selected from the portfolio of component financial products, and a composite commodity financial product comprising the selected financial products is formed, with the product having a fixed termination date. A baseline figure or value for the composite commodity financial product is set, and derivative products based upon the product are traded during a predetermined period of time until the fixed termination date. At the end of the predetermined period of time, the baseline value is redesignated based upon the change in value of the selected financial products.
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Citations
27 Claims
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1. A method of administering a derivative product, comprising the steps of:
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identifying a portfolio of component financial products in accordance with a sponsoring authority'"'"'s general guidelines;
selecting a plurality of component financial products from the portfolio to form a composite commodity, each of the designated component financial products having no requirement for a relationship to each other or to an independent structure other than the general guidelines;
forming a derivative product based on the composite commodity comprising the selected financial products, the derivative product having a fixed termination date; and
trading the derivative product based upon the composite commodity during a predetermined period of time until the fixed termination date. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method for administering a derivative including a plurality of futures contracts, comprising the steps of:
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selecting up to a predetermined number of component financial products from a pool of available component financial products, the pool formed in accordance with a sponsoring authority'"'"'s general guidelines but the component financial products not being required to be correlated to each other;
forming a composite commodity comprising the selected component financial products; and
trading futures contracts based upon the composite commodity during a predetermined period of time. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A method, comprising the steps of:
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identifying a portfolio of available financial products according to a sponsoring authority'"'"'s general requirements;
selecting up to a predesignated number of financial products from the portfolio, the selected financial products having no requirement to be correlated to each other or to an independent structure other than the general requirements;
providing a composite commodity consisting of the selected financial products; and
trading futures contracts on the composite commodity over a fixed period of time beginning with the opening date. - View Dependent Claims (23, 24, 25, 26, 27)
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Specification