Method for structuring, pricing and setting a current mortgage price indicator contract

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7337136
SERIAL NO

09931404

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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A current mortgage price indicator futures contract ('Mortgage Futures Contract') that can be traded on a futures exchange. The contracts add value over existing hedging and speculating alternatives by meeting the needs of a wide range of mortgage and mortgage-backed securities (MBS) market participants such as portfolio managers, dealers, hedgers, originators, speculators and arbitrageurs. The Mortgage Futures Contract is based upon conventional MBS and has a relatively current coupon composition, thereby resulting in risk properties that appeal to market participants more so than prior contracts based on non-conventional MBS that were not correlated to current MBS production. The Mortgage Futures Contract has a cash settlement feature designed to eliminate complicated and largely uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract and that can be traded on a futures exchange.

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Patent Owner(s)

Patent OwnerAddress
STEVEN MNUCHIN UNITED STATES SECRETARY OF THE TREASURY AND SUCCESSORS THERETO1500 PENNSYLVANIA AVENUE NW WASHINGTON DC 20220
ANDREI IANCU UNDER SECRETARY OF COMMERCE FOR INTELLECTUAL PROPERTY AND DIRECTOR OF THE UNITED STATES PATENT AND TRADEMARK OFFICE AND SUCCESSORS THERETO1401 CONSTITUTION AVENUE NW WASHINGTON DC 20230
ASHLEY MOODY FLORIDA OFFICE OF THE ATTORNEY GENERAL AND SUCCESSORS THERETOSTATE OF FLORIDA PL-01 THE CAPITOL TALLAHASSEE FL 32399-1050
LAUREL M LEE FLORIDA SECRETARY OF STATE AND SUCCESSORS THERETO500 SOUTH BRONOUGH STREET R A GRAY BUILDING TALLAHASSEE FL 32399
TIMOTHY E GRIBBEN COMMISSIONER FOR BUREAU OF THE FISCAL SERVICE AGENCY OF THE UNITED STATES DEPARTMENT OF THE TREASURY AND SUCCESSORS AND ASSIGNS THERETO3201 PENNSY DRIVE BUILDING E LANDOVER MD 20785
JEANETTE NÚÑEZ LIEUTENANT GOVERNOR OF FLORIDA AND SUCCESSORS THERETO400 S MONROE ST TALLAHASSEE FL 32399
HEUER JOAN D800 NORTH MAIN STREET UNIT 682 BUSHNELL FL 33513

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Aufdenspring, Robert W Orlando, FL 3 15
Burns, Robert J Sterling, VA 14 89
Chowdhury, Mustafa Vienna, VA 3 15
Dodson, Patricia M Herndon, VA 3 15
Gay, Cathy A Vienna, VA 3 15
Gora, Marian J Leesburg, VA 8 92
Hanson, Mark D Potomac, MD 4 38
Kain, Gary D Herndon, VA 4 17
Kon, Stanley J Chapel Hill, NC 3 15
Parseghian, Gregory J McLean, VA 3 15
Quinn, William F Shawnee Mission, KS 18 219
Smith, Cindy K Vienna, VA 3 15

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