SYSTEM, METHOD AND MEDIA FOR TRADING OF EVENT-LINKED DERIVATIVE INSTRUMENTS
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United States of America Patent
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N/A
Issued Date -
Jan 28, 2010
app pub date -
Jul 24, 2009
filing date -
Jul 25, 2008
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A derivative financial instrument is created which facilitates the reallocation of a risk caused by the occurrence of an event or condition. For example, a system, method, and media are directed to allocating risks of water shortages. A computer-readable financial instrument is established based on a water availability score that is calculated from one or more types of hydrological factors, a settlement value function, and a settlement date. The financial instrument is configured to transfer, on the settlement date, a cash or physical commodity amount to a buyer or seller of the instrument as determined by the contract specification if the score is zero, or a positive or negative number or within a specified range of positive or negative values.
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