Methods and apparatus relating to the formulation and trading of risk management contracts

  • US 20030191707A1
  • Filed: 12/31/2002
  • Published: 10/09/2003
  • Est. Priority Date: 05/29/1992
  • Status: Active Grant
First Claim
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1. A data processing system to enable the formulation of multi-party risk management contracts, the system comprising:

  • input means by which an ordering party can input contract data representing an offered contract for a predetermined phenomenon, the phenomenon having a future range of possible outcomes at a time of maturity, and said contract data specifying the same entitlement for each said outcome due to the ordering party and a consideration due to a counterparty, and at least one counterparty can input registering data for said predetermined phenomena; and

    data processing means for pricing and matching contracts from said contract data and said registering data, said pricing including calculating a counter consideration from each said registering data, and said matching including comparing said consideration with each said counter consideration to match an offered contract with at least one of said counterparties.

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