The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 21, 2011
Filed:
Feb. 25, 2008
Gerald F. Topitzer, New York, NY (US);
Gerald F. Topitzer, New York, NY (US);
JPMorgan Chase Bank, N.A., New York, NY (US);
Abstract
A system and method for hedging contract risks is disclosed. In one particular exemplary embodiment, a computer-implemented method for hedging contract risks may comprise: receiving information related to a supply contract between a seller and a buyer, the buyer being committed to purchase inventory from the seller over a period of time; estimating potential liquidation damages that the seller will suffer if at least one credit event causes the buyer to default on the supply contract; and providing the seller a put option, whereby, upon the at least one credit event, the seller can choose to sell a claim of liquidation damages against the defaulting buyer at a strike price, the strike price being an amount that varies based at least in part on the estimated potential liquidation damages and the time at which the at least one credit event occurs.