Sortex Limited

Morgan Stanley

Robert Davis

Herbert Fraenkel

Kenneth C Henderson

Tim Neary

James Levi

Paul Chinnick

Massimiliano Cavalli

Simon Mehaffey

Methods of allocating dividends to a set of long positions. The methods may comprise the steps of identifying a set of short positions and matching the set of short positions with selected long positions from the set of long positions. The methods may also comprise the step of allocating a manufactured dividend to each of the selected long positions. Each manufactured dividend may originate from one of the set of short positions. The methods may additionally comprise the step of allocating a real dividend to any long positions remaining in the set of long positions.

Dividend accounting

Sorting apparatus has a conveyor belt or equivalent mechanism for moving particles at a speed sufficient to generate a stream of particles in air, which particles can be graded such that selected material can be removed. The grading or sorting is conducted by a primary scanning system for analysing light reflected from particles in the stream in a plurality of wavelength ranges. Ejectors for removing particles from the stream are disposed downstream of the scanning system, and are instructed in response to signals received from the scanning system. An auxiliary scanning system is also included to establish the presence of material in the stream, and in the event that a void is detected in a given region, then the analysis of that region by the primary scanning system and any corresponding activation of the ejectors is inhibited. If the auxiliary scanning system operates on the basis of light transmitted in the infra-red wavelength, then the scanning system can differentiate between a situation in which it is receiving light reflected from a product piece in a product stream, and light transmitted across the path of the product stream in the absence of a product piece therefrom. By this means, the monitoring of light received from the path of the product stream in the infra-red range can be used to perform all functions.

Sorting apparatus

Sorting apparatus has a conveyor belt or equivalent mechanism for moving particles at a speed sufficient to generate a stream of particles in air, which particles can be graded such that selected material can be removed. The grading or sorting is conducted by a primary scanning system for analysing light reflected from particles in the stream in a plurality of wavelength ranges. Ejectors for removing particles from the stream are disposed downstream of the scanning system, and are instructed in response to signals received from the scanning system. An auxiliary scanning system is also included to establish the presence of material in the stream, and in the event that a void is detected in a given region, then the analysis of that region by the primary scanning system and any corresponding activation of the ejectors is inhibited If the auxiliary scanning system operates on the basis of light transmitted in the infra-red wavelength, then the scanning system can differentiate between a situation in which it is receiving light reflected from a product piece in a product stream, and light transmitted across the path of the product stream in the absence of a product piece therefrom. By this means, the monitoring of light received from the path of the product stream in the infra-red range can be used to perform all functions.

Sorting apparatus has a conveyor belt or equivalent mechanism for moving particles at a speed sufficient to generate a stream of particles in air, which particles can be graded such that unacceptable material can be removed. The grading or sorting is conducted by a primary scanning system for analyzing light reflected from particles in the stream in a plurality of wavelength ranges. Ejectors for removing particles from the stream are disposed downstream of the scanning system, and are instructed in response to signals received from the scanning system. An auxiliary scanning system is also included to establish the presence of material in the stream, and in the event that a void is detected in a given region, then the analysis of that region by the primary scanning system and any corresponding activation of the ejectors is inhibited.

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London, United Kingdom

Robert Davis