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Financial activity based on natural peril events

  • US 20080065521A1
  • Filed: 10/31/2007
  • Published: 03/13/2008
  • Est. Priority Date: 12/21/2004
  • Status: Active Grant
First Claim
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1. A system for conducting a financial activity based on a natural peril event, comprising:

  • a financial activity module for facilitating financial activity between a provider and at least two participants, for receiving natural peril event information from an external independent information source of such information and for providing financial activity information to the participants, including information relating to the natural peril event information and a plurality of geographic regions for which the financial activity is to occur and in which a future natural peril event may occur;

    at least one communication module for communication between the financial activity module and an external independent information source for receiving the natural peril event information;

    the financial activity module also providing index information including an index having an index value varying in response to one or more natural peril events;

    the financial activity module presenting to the participants at least one derivative product to be traded between the participants, for a plurality of geographic regions, the derivative product having a value that varies in response to the index and which is settled based on at least one of the external natural peril event information and the index information.

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