Invention Grant
- Patent Title: Conversion and liquidation of defaulted positions
- Patent Title (中): 转换和清算违约头寸
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Application No.: US11954656Application Date: 2007-12-12
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Publication No.: US08751350B2Publication Date: 2014-06-10
- Inventor: Muhammed Hadi , Dale Michaels , Amy Stephen , Suneel Iyer , Ketan Patel
- Applicant: Muhammed Hadi , Dale Michaels , Amy Stephen , Suneel Iyer , Ketan Patel
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Brinks Gilson & Lione
- Main IPC: G06Q40/06
- IPC: G06Q40/06

Abstract:
A method of liquidating defaulted positions associated with centrally cleared financial product is disclosed. The method includes identifying a defaulted position associated with a centrally cleared financial product, calculating a value differential between the defaulted position and a standard position, offering the value differential and the standard position to a party such that the value differential and the standard position represent a converted position, and settling the converted position upon acceptance of the offer by the party.
Public/Granted literature
- US20090157561A1 CONVERSION AND LIQUIDATION OF DEFAULTED POSITIONS Public/Granted day:2009-06-18
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