Chicago Mercantile Exchange Inc.

Mike Kamradt

John Labuszewski

Edward M Gogol

Richard Co

David Andrew Boberski

John Nyhoff

Steve Youngren

Roberta Paffaro

John Wiley

A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a 'payer' contract, comprises a 'no-uncertainty' futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.

Facilitation of payments between counterparties by a central counterparty

Growing community of inventors

Chicago, IL, United States of America

Mike Kamradt