Nicholas Steele

Title: The Innovative Mind of Nicholas Steele

Introduction

Nicholas Steele is a prominent inventor based in New York, NY (US). He has made significant contributions to the field of finance through his innovative patent. His work focuses on enhancing the calculation of initial margins for non-cleared derivatives, which is crucial for risk management in financial markets.

Latest Patents

Nicholas Steele holds a patent titled "Method and system for calculating and providing initial margin under the standard initial margin model." This patent describes a Standard Initial Margin Model (SIMM) that is calculated and provided as an overall initial margin for non-cleared derivatives. The invention involves using at least one computing device to acquire information associated with various risk classes. It determines delta, vega, and curvature margins for each risk class based on the acquired information. The computing device then calculates the initial margin for each risk class by summing the respective margins. Additionally, it assesses whether product classes will be used in calculating the overall initial margin and provides the final margin amount for the underlying derivatives contract.

Career Highlights

Nicholas Steele is associated with the International Swaps and Derivatives Association, Inc., where he applies his expertise in financial derivatives. His innovative approach to margin calculations has positioned him as a valuable asset in the industry. With a focus on improving risk management practices, Steele's contributions are recognized among his peers.

Collaborations

Some of Nicholas Steele's notable coworkers include Tomo Kodama and Alistair Smith. Their collaborative efforts in the field of finance and derivatives have further advanced the understanding and application of risk management strategies.

Conclusion

Nicholas Steele's innovative work in calculating initial margins for non-cleared derivatives showcases his expertise and commitment to enhancing financial risk management. His contributions are vital in shaping the future of the industry.