This inventor holds 2 USPTO granted patents and 3 published patent applications. Top assignee: Chicago Mercantile Exchange Inc.. Active years: 2012.
Company Filing History:
Years Active: 2012
Title: Amy McCormick: Innovator in Financial Portfolio Management
Introduction
Amy McCormick is a prominent inventor based in Chicago, IL (US). She has made significant contributions to the field of financial technology, particularly in the area of portfolio management. With a total of 2 patents, her work focuses on enhancing the efficiency and accuracy of margin calculations for financial portfolios.
Latest Patents
Amy's latest patents include a clearing system that determines margin requirements for financial portfolios. This innovative system describes methods, systems, and apparatuses for calculating a performance bond amount for portfolios that include interest rate swaps. A risk calculation module, or risk processor, assists in this calculation. The system utilizes various values, such as swap (DV01) dollar values and volatility values, along with adjustments and factors like calendar charge adjustments and liquidity charge minimums to enhance the margin calculation. These values can be maintained and updated through lookup tables, matrices, and other structures. The margin calculations are essential for exchanges or clearinghouses to request portfolio holders to deposit additional funds towards a performance bond associated with their portfolios.
Career Highlights
Amy McCormick is currently employed at the Chicago Mercantile Exchange Inc., where she applies her expertise in financial systems. Her work has been instrumental in developing innovative solutions that improve the management of financial portfolios.
Collaborations
Throughout her career, Amy has collaborated with notable colleagues, including Moody Hadi and Ankeet Dedhia. These collaborations have further enriched her contributions to the field of financial technology.
Conclusion
Amy McCormick stands out as a key innovator in the financial sector, with her patents significantly impacting how margin requirements are calculated for financial portfolios. Her work continues to influence the industry and enhance the efficiency of financial transactions.