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Methods, systems and computer program products to facilitate the formation and trading of derivatives contracts

  • US 20070162373A1
  • Filed: 06/18/2003
  • Published: 07/12/2007
  • Est. Priority Date: 06/18/2002
  • Status: Active Grant
First Claim
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1. A method of facilitating the formation of a BIC between one or more buyers and one more sellers, for use as a building block in the formation of any financial derivatives contract, where both said BIC and said financial derivatives contract pertain to any number of underlyings, in a single or multi-period trading framework, for any notional amount, said method comprising the steps of:

  • a. establishing a BIC-basis;

    b. identifying agreement terms of said BIC, including at least;

    information to identify said one or more buyers and said one or more sellers, a contract time indicating when said BIC will become binding, a premium payment time posterior or equal in time to said contract time, a payout payment time posterior or equal in time to said premium payment time, a premium payment amount to be paid by said one or more buyers to said one or more sellers, expressed in the format of a function of observed values of the one or more underlyings from said contract time up to and including said premium payment time, and,—

    a payout payment amount, expressed in the format of a function of observed values of the one or more underlyings from said contract time up to and including said payout payment time; and

    , c. validating said BIC reflecting the agreement terms.

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