Patent ID: 9076183
Filing Date: 2015-07-07
Classification: G06Q

Abstract:
1. A method comprising: storing first data at a computer system, the first data defining a multilaterally-traded contract type and specifying final settlement of contracts conforming to the contract type by delivery of a defined quantity of a commodity; receiving second data at the computer system, the second data indicating potential invocation of an alternate cash settlement mode for a plurality of contracts, wherein each contract of the plurality is a contract conforming to the contract type; receiving third data at the computer system, the third data indicating the alternate cash settlement mode is invoked for a group of contracts, wherein the group is at least a portion of the contracts of the plurality; calculating a cash settlement value by the computer system, wherein calculating the cash settlement value comprises sampling market values for the commodity within a time window specified by the first data, discarding a portion of the sampled values, and computing the cash settlement value based on a statistical measure of the sampled values not discarded; and transmitting fourth data from the computer system, the fourth data indicating cash final settlement of each contract of the group by payment of the cash settlement value instead of by delivery of the defined quantity of the commodity.