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Patent Summary

(12) Patent Application: (11) CA 2203279
(54) English Title: METHODS AND APPARATUS RELATING TO THE FORMULATION AND TRADING OF RISK MANAGEMENT CONTRACTS
(54) French Title: PROCEDES ET APPAREILS DESTINES A L'ETABLISSEMENT ET A LA NEGOCIATION DE CONTRATS DE GESTION DES RISQUES

Abstracts

English Abstract






The formulation of
multi-party risk management
contracts is described. An
ordering party (13) inputs, by
a data processing device (51),
contract data representing an
offered contract in a predetermined
phenomenon, the phenomenon
having a range of possible
outcomes at a time of maturity,
and the contract data specifying
the same entitlement for each
outcome due to the ordering party
at maturity and a consideration
due to a counterparty. The
potential counterparties (14) input,
by data processing means (51),
registering data relating to the
range of possible outcomes for
the predetermined phenomenon.
An offered contract is priced by
data processing apparatus (20)
by the steps of calculating a
counter consideration from each
counterparty's registering data
and comparing the ordering party
consideration with the calculated
counter considerations. A match
is made on the basis of the
comparison.


French Abstract

Une formulation de contrats de gestion de risques multipartie est divulguée. Une partie demanderesse (13) introduit, à l'aide d'un dispositif de traitement de données (51), des données représentant un contrat offert en rapport avec un phénomène prédéterminé, ce phénomène ayant plusieurs résultats possibles au moment de sa maturité et les données spécifiant les mêmes droits aux prestations pour la partie demanderesse à l'échéance pour chaque résultat et une redevance dû à une contrepartie. Les contreparties potentielles (14) introduisent, au moyen du dispositif de traitement de données (51), des données d'enregistrement portant sur la gamme des résultats possibles pour le phénomène prédéterminé en cause. Le contrat offert est valorisé par un appareil de traitement de données (20) qui calcule une contreredevance à partir des données introduites par chaque contrepartie et en comparant la redevance de la partie demanderesse avec les contreredevances calculées. On procède à un rapprochement en se basant sur le résultat de cette comparaison.



Patent Details

(51) International Patent Classification (IPC):
  • G06Q 10/00 (2012.01)
  • G06Q 40/04 (2012.01)
  • G06Q 40/00 (2012.01)
(72) Inventors (Country):
  • SHEPHERD, IAN KENNETH (Australia)
(73) Owners (Country):
  • ALICE CORPORATION PTY LTD (Australia)
(71) Applicants (Country):
  • SHEPHERD, IAN KENNETH (Australia)
(74) Agent: BLAKE, CASSELS & GRAYDON LLP
(45) Issued:
(86) PCT Filing Date: 1995-12-07
(87) PCT Publication Date: 1996-06-13
Examination requested: 2002-11-01
(30) Availability of licence: N/A
(30) Language of filing: English

(30) Application Priority Data:
Application No. Country Date
PM9922 Australia 1994-12-07
PN4060 Australia 1995-07-07

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Cover Page Cover Page 70 2
Abstract Abstract 55 1
Claims Claims 243 7
Description Description 1,996 49
Drawings Drawings 155 10
Representative Drawing Representative Drawing 8 1

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