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:
Dec. 13, 2011
Filed:
May. 31, 2001
Robert J. Feilbogen, Chappaqua, NY (US);
Paul Varnish, London, GB;
Robert J. Feilbogen, Chappaqua, NY (US);
Paul Varnish, London, GB;
American International Group, Inc., New York, NY (US);
Abstract
In the present invention, a hedging engine processor and method monitors business transactions to provide foreign currency exchange hedging instructions and to provide foreign currency price information for goods of commerce. The hedging engine receives business transaction information that relate to purchases or sales of goods by a customer, receives hedging rules, that define rules to exchange a first type of currency to a second type of currency, and receives pricing rules, that define rules to update public foreign currency prices of the goods. The engine also generates public price information to provide foreign currency prices of the goods, based on the pricing rules, and generates hedging instruction information to provide instructions on whether to exchange from the first type of currency to the second type of currency, based on the hedging rules.