Invention Grant
- Patent Title: Bundled financial instruments
- Patent Title (中): 捆绑的金融工具
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Application No.: US11858616Application Date: 2007-09-20
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Publication No.: US07870060B2Publication Date: 2011-01-11
- Inventor: Peter Barker , Richard Co , Larry Grannan
- Applicant: Peter Barker , Richard Co , Larry Grannan
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Networks, systems and methods that match orders for bundled financial instruments are disclosed. In one example, the bundled financial instrument includes packaged underlying financial instruments that together provide an economic equivalent exposure to a long-term investment vehicle. The bundled financial instrument may include any set of contracts considered a linear combination of a plurality of standardized contracts associated with an obligation to exchange an asset at a set price on a future date. An open position for the bundled financial instrument is a function of the prices for each of the standardized contracts of the bundle and remains open from execution of the order to the earlier of a maturity of the bundled financial instrument, a conversion of the bundled financial instrument into constituent parts of the linear combination of a plurality of standardized contracts, or in the case where the bundled instrument is fractional size contract, when multiple bundles are converted to a single position of a corresponding full-sized instrument.
Public/Granted literature
- US20090037345A1 Bundled Financial Instruments Public/Granted day:2009-02-05
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