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Method and Apparatus for Financial Product Risk Determination - August 13, 2013
Patent: U.S. Patent 8,510,199

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Exemplary Claim:

1. An exchange system for trading financial products, comprising:

a data processing system having at least one program executing computer, at least one storage device, and at least one output device;

at least one database provided in said at least one data storage device;

financial product data record creating software executing on said at least one program executing computer for creating a financial product data record for a financial product and storing it in at least one database;

financial product risk data software executing on said at least one program executing computer for creating a plurality of risk data records, storing the risk data records in the database and associating them with the financial product data record;

evaluation software executing on said at least one program executing computer for:

determining a current monetary value of the financial product based at least in part on a monetary value of the risk data record, the determining including con- verting the value of each of the risk data records to a monetary value; and

calculating a transparency index of the financial instrument, the transparency index based at least in part on the quality and quantity of the risk data records, wherein the transparency index represents a measure of confidence in the current monetary value;

trading software executing on said at least one program executing computer for trading the financial product among users of the system using the current monetary value and the transparency index.

Relates To: Valuation of financial products incorporating value adjustments based on risk data records, coupled with a rating of the quality of the risk data expressed as a “Transparency Index”

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Method and Apparatus for Financial Product Risk Determination

August 13, 2013


 

 

 

 

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