PATENT CLAIM ANALYSIS

Application Number: 15915784
Application Type: Utility
Filing Date: 2018-03
Publication Date: 2019-09
Patent Classification: ["705", "03600R"]

Abstract:
A system and method for evaluating space weather-based derivatives, such as futures, options, swaps, and the like, with payout depending on solar activity. The system includes space weather data, financial databases and a central processing trading server that is accessible via a plurality of internal and external workstations.

Claim (Index 1):
A computer implemented method for valuating a space weather-based financial instrument, wherein said space weather condition is the kp- or dst-index, comprising the steps of:\n (1.) receiving information representative of a start date and maturity date for the financial instrument; (2.) receiving information representative of the Earth's magnetosphere, ionosphere and thermosphere that the financial instrument will derive its value from; (3.) receiving financial information representative of a risk-free rate; (4.) receiving historical space weather information, relating to said space weather condition, for said magnetosphere ionosphere and thermosphere during the period between said start date and said maturity date; (5.) obtaining a value of the financial instrument by applying an Ornstein-Uhlenbeck, Heston or Vasicek process and inverse transformation sampling pricing model using said historical space weather information and said risk-free rate.

Metadata:
- Claim Count in Document: 5.0
- Percentile: 90.0
- Lexical Diversity: 1.27273
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['09925640', '09641394', '11195038', '10985021', '11183907']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0909149807817685
- 35 USC 102 Novelty (BERT): 0.5067024224816316
- Combined Prediction Score: 0.1324937249517548
- Mean Citation Score: 189.73398200000003
- Max Citation Score: 231.5131
- Similarity Product: 147.78219470734595

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test