US Patent:
20030154153, Aug 14, 2003
Inventors:
J. Steidlmayer - Wilmette IL, US
Eugene Kunda - Wheaton IL, US
Robert Hutchings - Gurnee IL, US
Frederick Sturm - Chicago IL, US
Julie Winkler - Aurora IL, US
James Miclot - Chicago IL, US
International Classification:
G06F017/60
Abstract:
A method of administering a composite commodity financial product involves the identification of a portfolio of component financial products. A number of component financial products are selected from the portfolio of component financial products, and a composite commodity financial product comprising the selected financial products is formed, with the product having a fixed termination date. A baseline figure or value for the composite commodity financial product is set, and derivative products based upon the product are traded during a predetermined period of time until the fixed termination date. At the end of the predetermined period of time, the baseline value is redesignated based upon the change in value of the selected financial products.
