Invention Grant
- Patent Title: Fuel offering and purchase management system
- Patent Title (中): 燃料提供和采购管理系统
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Application No.: US13338414Application Date: 2011-12-28
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Publication No.: US08484124B2Publication Date: 2013-07-09
- Inventor: Michael Kirch , Saurabh Sanghvi , Daniel Sharfman
- Applicant: Michael Kirch , Saurabh Sanghvi , Daniel Sharfman
- Applicant Address: US NY New York
- Assignee: Goldman, Sachs & Co.
- Current Assignee: Goldman, Sachs & Co.
- Current Assignee Address: US NY New York
- Agency: Perkins Coie LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a redemption condition based on a retail fuel pump price metric to establish the pricing of fuel offerings.
Public/Granted literature
- US20120284161A1 Fuel Offering and Purchase Management System Public/Granted day:2012-11-08
Information query