Invention Grant
- Patent Title: Method for assessing a commodity price and assessment determined thereby
- Patent Title (中): 评估商品价格和评估方法
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Application No.: US10206831Application Date: 2002-07-29
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Publication No.: US08271374B2Publication Date: 2012-09-18
- Inventor: Jorge Eduardo Montepeque
- Applicant: Jorge Eduardo Montepeque
- Applicant Address: US NY New York
- Assignee: The McGraw-Hill Companies
- Current Assignee: The McGraw-Hill Companies
- Current Assignee Address: US NY New York
- Agency: Rothwell, Figg, Ernst & Manbeck PC
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method of assessing a market price of a benchmark grade of a commodity includes artificially injecting additional volumes of the benchmark grade into the marketplace to thereby increase the market activity upon which the assessment is based. By increasing the market activity upon which the benchmark assessment is based, problems associated with having a small number of market events for assessing the benchmark price, such as price volatility, may be avoided. Additional volumes of the benchmark grade may be artificially injected into the marketplace by including, in the assessment of the benchmark price, observations of market events involving one or more alternative, non-benchmark grades of the commodity. Alternatively, or in addition, additional volumes of the benchmark grade may be artificially injected into the marketplace by permitting a seller offering cargoes of the benchmark grade of the commodity to actually deliver a cargo of one or more alternative, non-benchmark grades of the commodity in satisfaction of a contract for sale of the benchmark grade.
Public/Granted literature
- US20040078315A1 Method for assessing a commodity price and assessment determined thereby Public/Granted day:2004-04-22
Information query