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:
Feb. 14, 2012
Filed:
Dec. 27, 2007
Muhammed Hadi, Chicago, IL (US);
Dale Michaels, Westmont, IL (US);
Amy Stephen, Chicago, IL (US);
Ketan Patel, Hanover Park, IL (US);
Muhammed Hadi, Chicago, IL (US);
Dale Michaels, Westmont, IL (US);
Amy Stephen, Chicago, IL (US);
Ketan Patel, Hanover Park, IL (US);
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Abstract
Systems, processes and methods are described for converting over-the-counter derivative products such as interest rate swaps (IRSs) to standardized forward swaps, such as centrally cleared interest rate swaps. The value of each leg of the over-the counter swap may be determined and compared to a value of a corresponding leg of the forward swap. A mark-to-market value may be determined as the difference between the values.