Computer based system for pricing an index-offset deposit product
US8615460B1 · kind B1 · utility
2Cited by
2References
8Claims
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Key dates
| Filing date | Feb 20, 2013 |
| Grant date | Dec 24, 2013 |
| Priority date | — |
| Expiry date | Feb 20, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.