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Financial activity based on tropical weather events

  • US 20060155628A1
  • Filed: 12/20/2005
  • Published: 07/13/2006
  • Est. Priority Date: 12/21/2004
  • Status: Active Grant
First Claim
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1. A method of conducting a financial activity between a provider and a plurality of participants, based on a tropical weather event, comprising:

  • a method for obtaining the participants'"'"' prediction data of a predicted outcome of the tropical weather event;

    a method for obtaining the participants'"'"' investment funds;

    a method for pooling the participants'"'"' investment funds in a common pool;

    a method for obtaining from an external independent information source, external information concerning the tropical weather event;

    a method for comparing the participants'"'"' prediction data to the external information to determine if a matching outcome exists; and

    a method for distributing funds from the pool to participants having a matching outcome.

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