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Computer-aided transferring of financial consequences

  • US 20080065425A1
  • Filed: 02/21/2007
  • Published: 03/13/2008
  • Est. Priority Date: 02/21/2006
  • Status: Abandoned Application
First Claim
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1. A computer-aided method of exchanging payments between parties related to uncertainty of risk, the method including the steps of:

  • producing a path dependent projected outcome of a risk event occurring;

    specifying a transaction in which each of two parties provides a collateral position;

    accounting, as part of the transaction, for one said party exchanging a fixed payment for another said party'"'"'s variable payment, the fixed payment related to the projected outcome of the risk event occurring, the variable payment related to actual outcome of the risk event having occurred;

    periodically computing a mark to market measurement to determine whether one of the parties should make a change to the collateral position to ensure an ability to account for a difference between the actual outcome to the projected outcome, and if the change should be made, to determine an amount of the change; and

    wherein at least one of the steps is carried out by a computer system.

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