Patent ID: 8401954
Filing Date: 2013-03-19
Classification: G06Q

Abstract:
1. A data processing system to enable the formulation of multi-party risk management contracts, the system comprising: an input device by which an ordering party can input contract data representing an offered contract for a predetermined phenomenon, the phenomenon having a future range of possible outcomes at a time of maturity, and said contract data specifying the same entitlement for each said outcome due to the ordering party and a consideration due to a counterparty, and wherein said entitlement and said consideration are of the same denomination and at least one counterparty can input registering data for said predetermined phenomena comprising at least one discount rate; and a data processor configured for pricing and matching contracts from said contract data and said registering data, said pricing including calculating a counter consideration from each said registering data by applying said discount rate to said entitlement, and said matching including comparing said consideration with each said counter consideration to match an offered contract with at least one of said counterparties.