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SYSTEM, METHOD AND APPARATUS FOR CONSUMER PURCHASE AND FUTURE DISTRIBUTED DELIVERY OF COMMODITY AT PREDETERMINED PRICES

  • US 20080313070A1
  • Filed: 02/12/2008
  • Published: 12/18/2008
  • Est. Priority Date: 02/12/2007
  • Status: Abandoned Application
First Claim
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1. A method for providing commodity price protection to individual consumers, comprising:

  • requiring a consumer to pay a provider an amount in exchange for a right to take physical delivery on a quantity of a commodity at an agreed price per unit of the commodity at any time within a specified period without being affected by price fluctuations associated with the commodity during the specified period, wherein the specified period ends at an expiration date;

    exposing the provider to unlimited upward risk of the price fluctuations associated with the commodity during the specified period;

    exposing the consumer to unlimited downside risk of the price fluctuations associated with the commodity during the specified period;

    specifying that the right to take the physical delivery on the quantity of the commodity at the agreed price per unit of the commodity at any time within the specified period is not transferable, assignable, or marketable;

    requiring the consumer to take the physical delivery of the quantity of the commodity before and by the expiration date;

    allowing the consumer discretion as to time and location of the physical delivery; and

    where the consumer has not taken the physical delivery of the quantity of the commodity upon the expiration date, providing the consumer with a plurality of regulatory-compliant solutions.

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