METHOD FOR VALUING FORWARDS, FUTURES AND OPTIONS ON REAL ESTATE
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Accused Products
Abstract
A system and method for matching buy and sell orders is provided. A daily cash index of real estate values for a local region is maintained and a trading instrument representative of an interest in real estate in the local region is created. In this regard, a cash settlement of the trading instrument is a function of the daily cash index on the date of said cash settlement. In addition, a plurality of buy orders relating to the instrument are generated; a plurality of sell orders relating to the instrument are generated; and the buy and sell orders are matched to determine a purchase and sale of the instrument.
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Citations
91 Claims
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1-73. -73. (canceled)
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74. A method for providing a daily cash index for real estate transaction values, comprising:
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a. for each day, performing a survey of actual real estate transactions executed on said day in a local region; b. for each day, using a computer;
generating a daily cash index of real estate transaction values in the local region based upon the survey by compiling the data obtained from the survey of actual real estate transactions into a series of data points;
for each day, manipulating the series of data points by statistical tools to create a normal distribution of rate prices per unit area; and
for each day, calculating the price per unit area for the local sector;
the price per unit area for the local sector being usable as a cash mark to market settlement value;c. for each month, using a computer, aggregating the daily surveys to generate a monthly cash index; d. generating, using a computer, a volatility value based upon the monthly cash indices over at least one year as a measure of historical performance. - View Dependent Claims (91)
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75. A method for providing a daily cash index for real estate transaction values, comprising:
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a. for each day, performing a survey of actual real estate transactions executed on said day in a local region; b. for each day, using a computer;
generating a daily cash index of real estate transaction values in the local region based upon the survey by compiling the data obtained from the survey of actual real estate transactions into a series of data points;
for each day, manipulating the series of data points by statistical tools to create a normal distribution of rate prices per unit area; and
for each day, calculating the price per unit area for the local sector;
the price per unit area for the local sector being usable as a cash mark to market settlement value. - View Dependent Claims (77, 78, 79, 80, 81, 82, 83, 84, 86, 87, 88, 89, 90)
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76. A method for providing a daily cash index for real estate transaction values, comprising:
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a. based upon historical data, using a computer, generating monthly cash indices of real estate values in a local region for each month of at least 10 prior years; b. generating, using a computer, an initial volatility value based upon the monthly cash indices over said at least 10 prior years; c. for each day, performing a survey of actual real estate transactions executed on said day in the local region; d. for each day, using a computer;
generating a daily cash index of real estate transaction values in the local region based upon the survey by compiling the data obtained from the survey of actual real estate transactions into a series of data points;
for each day, manipulating the series of data points by statistical tools to create a normal distribution of rate prices per unit area; and
for each day, calculating the price per unit area for the local sector;
the price per unit area for the local sector being usable as a cash mark to market settlement value;e. for each month, using a computer, aggregating the daily surveys on a monthly basis to generate a monthly cash index for said each month; and f. updating, using a computer, the volatility value based upon each monthly cash index generated in step e. - View Dependent Claims (85)
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Specification