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SYSTEM AND METHOD FOR PROVIDING AN INSURANCE PREMIUM FOR PRICE PROTECTION

  • US 20080306777A1
  • Filed: 04/08/2008
  • Published: 12/11/2008
  • Est. Priority Date: 04/09/2007
  • Status: Active Grant
First Claim
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1. A method for providing insurance for commodity purchasing, comprising:

  • creating an insurance strike price matrix corresponding to a commodity, the insurance strike price matrix comprising a set of insurance strike prices and associated insurance premiums;

    obtaining a payment associated with a first insurance strike price and associated insurance premium from first consumer; and

    indemnifying the first consumer for purchases of the commodity based upon the first insurance strike price.

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