Paul Peterson

Title: The Innovations of Paul Peterson

Introduction

Paul Peterson is an accomplished inventor based in Elgin, Illinois. He has made significant contributions to the field of derivatives through his innovative systems and methods. With a total of two patents to his name, Peterson has demonstrated a strong commitment to advancing financial technology.

Latest Patents

Peterson's latest patents focus on derivative products. These systems and methods are designed for processing and clearing derivative products with a binary outcome, culminating in a final settlement based on a triggering event. The computer system he developed is capable of accepting initial and adjusted performance bonds from both buyers and sellers. It also adjusts the market price of the derivative product at intervals. The market price can be modified on a mark-to-market basis and through the analysis of various information, such as the credit rating of a reference entity. As a result of these price adjustments, cash flow can be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration, the derivative's market price is settled to zero, and the agreement is terminated.

Career Highlights

Paul Peterson is currently employed at the Chicago Mercantile Exchange Inc., where he continues to innovate in the field of financial derivatives. His work has had a significant impact on how derivative products are processed and cleared in the market.

Collaborations

Throughout his career, Peterson has collaborated with notable colleagues, including Richard Co and John Labuszewski. These partnerships have contributed to the development of his innovative systems and methods.

Conclusion

Paul Peterson is a notable inventor whose work in derivatives has advanced the financial technology landscape. His contributions through his patents reflect his expertise and commitment to innovation in the industry.