Method and apparatus for financial product risk determination
First Claim
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1. An exchange system for trading financial products, comprising:
- a data processing system having at least one program executing computer, at least one data storage device, and at least one output device;
at least one database provided in said at least one data storage device;
financial product data record creating software executing on said at least one program executing computer for creating a financial product data record for a financial product and storing it in the at least one database;
financial product risk data software executing on said at least one program executing computer for creating a plurality of risk data records, storing the risk data records in the database, and associating them with the financial product data record;
evaluation software executing on said at least one program executing computer for;
determining a current monetary value of the financial product based at least in part on a monetary value of the risk data records, the determining including converting the value of each of the risk data records to a monetary value; and
calculating a transparency index of the financial instrument, the transparency index based at least in part on the quality and quantity of the risk data records, wherein the transparency index represents a measure of confidence in the current monetary value;
trading software executing on said at least one program executing computer for trading the financial product among users of the system using the current monetary value and the transparency index.
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Abstract
A system for determining risks and/or valuations associated with financial products, comprises a data processing system having computer(s), database(s), financial product data record creating for creating one or more financial product data records, financial product data records identifying a particular financial product by a transaction credit or serial number, and financial product risk data software for creating one or more risk data records associated with the financial product data records.
228 Citations
8 Claims
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1. An exchange system for trading financial products, comprising:
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a data processing system having at least one program executing computer, at least one data storage device, and at least one output device; at least one database provided in said at least one data storage device; financial product data record creating software executing on said at least one program executing computer for creating a financial product data record for a financial product and storing it in the at least one database; financial product risk data software executing on said at least one program executing computer for creating a plurality of risk data records, storing the risk data records in the database, and associating them with the financial product data record; evaluation software executing on said at least one program executing computer for; determining a current monetary value of the financial product based at least in part on a monetary value of the risk data records, the determining including converting the value of each of the risk data records to a monetary value; and calculating a transparency index of the financial instrument, the transparency index based at least in part on the quality and quantity of the risk data records, wherein the transparency index represents a measure of confidence in the current monetary value; trading software executing on said at least one program executing computer for trading the financial product among users of the system using the current monetary value and the transparency index. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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Specification