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Retail Price Hedging

  • US 20080015964A1
  • Filed: 10/25/2006
  • Published: 01/17/2008
  • Est. Priority Date: 10/25/2005
  • Status: Active Grant
First Claim
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1. A method for providing price insurance for retail consumers of a product, the method comprising:

  • defining one or more price insurance policies each comprising account information for one of a plurality of retail consumers of a product and insurance policy limits comprising a defined product, a defined price ceiling for the product, and a defined limit on quantity of product covered;

    receiving purchase information concerning a retail purchase transaction for the product by an insured one of the plurality of retail consumers, the purchase information comprising an account identifier, a measurement of product quantity purchased or to be purchased, and a retail price for the product; and

    providing a signal if the retail price exceeds the price ceiling, the signal configured to cause at least one of (a) adjusting the retail price to an adjusted price not greater than the price ceiling, or (b) crediting a credit amount calculated to compensate for an excess of the retail price over the price ceiling.

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