Suneel Iyer

Title: Innovations by Suneel Iyer

Introduction

Suneel Iyer is a notable inventor based in Naperville, IL (US). He has made significant contributions to the field of financial technology, holding a total of 7 patents. His work focuses on improving the processes associated with financial products and risk management.

Latest Patents

One of his latest patents is titled "Conversion and liquidation of defaulted positions." This invention discloses a method for liquidating defaulted positions associated with centrally cleared financial products. The method involves identifying a defaulted position, calculating a value differential between the defaulted position and a standard position, and offering this to a party for settlement. Another significant patent is "Clearing system that determines margin requirements for financial portfolios." This patent describes methods and systems for calculating performance bond amounts for portfolios that include interest rate swaps. A risk calculation module assists in this process, utilizing various values and adjustments to enhance margin calculations.

Career Highlights

Suneel Iyer is currently employed at the Chicago Mercantile Exchange Inc., where he applies his innovative ideas to enhance financial systems. His expertise in risk management and financial products has positioned him as a valuable asset in the industry.

Collaborations

Throughout his career, Suneel has collaborated with talented individuals such as Ketan Patel and Moody Hadi. These partnerships have contributed to the development of his innovative patents and advancements in financial technology.

Conclusion

Suneel Iyer's contributions to the field of financial technology through his patents demonstrate his commitment to innovation and improvement in financial systems. His work continues to influence the industry positively.