Athanassios Diplas

Title: Athanassios Diplas: Innovator in Financial Technology

Introduction

Athanassios Diplas is a notable inventor based in Chatham, NJ (US). He has made significant contributions to the field of financial technology, particularly in the area of derivatives and risk management. With a total of 2 patents, his work has had a considerable impact on how financial institutions manage risk.

Latest Patents

Athanassios Diplas holds two recent patents that showcase his innovative approach. The first patent is titled "Method and system for calculating and providing initial margin under the standard initial margin model." This invention involves calculating an overall initial margin for non-cleared derivatives using a Standard Initial Margin Model (SIMM). The system utilizes a computing device to acquire information related to various risk classes and determines delta, vega, and curvature margins for each class. The overall initial margin is then calculated and provided based on these margins.

The second patent is focused on "Systems and methods for credit default swap auction." This invention provides a framework for settling credit default swap contracts when a credit event occurs. The process begins by determining an inside market price and assessing the imbalance between net sell and buy positions. If an imbalance exists, a final price for settling the imbalance is determined in a subsequent stage.

Career Highlights

Athanassios Diplas is currently associated with the International Swaps and Derivatives Association, Inc. His role in this organization allows him to apply his innovative ideas to real-world financial challenges. His expertise in risk management and derivatives has positioned him as a key player in the industry.

Collaborations

Throughout his career, Athanassios has collaborated with talented professionals, including Tomo Kodama and Nicholas Steele. These collaborations have further enriched his work and contributed to the development of innovative solutions in financial technology.

Conclusion

Athanassios Diplas is a distinguished inventor whose contributions to financial technology have made a lasting impact. His patents reflect his commitment to advancing the field and improving risk management practices. His work continues to influence the way financial institutions operate in an increasingly complex market.