Patent ID: 6862580

Claim:
A method for managing the sale of a tier-priced commodity comprising: a. displaying to a first bidder a first price for a commodity and a first insurance instrument to indemnify said first bidder against loss associated with at least one risk related to the purchase of said commodity; b. displaying to a second bidder a second price for said commodity and a second insurance instrument designed to indemnify said second bidder against loss associated with at least one risk associated with the purchase of said commodity; c. receiving bids for said commodity and said respective insurance instrument from said first bidder and said second bidder; d. determining, via a processor, which of the first and second bidders exceeds their respective first and second prices by a greater amount; and e. selling said commodity and transferring a right to collect against said first insurance instrument to said first bidder if said first bidder exceeds said first price by a greater amount than said second bidder exceeds said second price or selling said commodity and transferring a right to collect against said second insurance instrument to said second bidder if said second bidder exceeds said second price by a greater amount than said first bidder exceeds said first price.