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. 10, 2014
Filed:
Dec. 12, 2007
Muhammed Hadi, Chicago, IL (US);
Dale Michaels, Westmont, IL (US);
Amy Stephen, Chicago, IL (US);
Suneel Iyer, Chicago, IL (US);
Ketan Patel, Hanover Park, IL (US);
Muhammed Hadi, Chicago, IL (US);
Dale Michaels, Westmont, IL (US);
Amy Stephen, Chicago, IL (US);
Suneel Iyer, Chicago, IL (US);
Ketan Patel, Hanover Park, IL (US);
Chicago Mercantile Exchange, Inc., Chicago, IL (US);
Abstract
A method of liquidating defaulted positions associated with centrally cleared financial product is disclosed. The method includes identifying a defaulted position associated with a centrally cleared financial product, calculating a value differential between the defaulted position and a standard position, offering the value differential and the standard position to a party such that the value differential and the standard position represent a converted position, and settling the converted position upon acceptance of the offer by the party.