Invention Grant
- Patent Title: TBA futures contracts and central counterparty clearing of TBA
- Patent Title (中): TBA期货合约和中央交易对手清算TBA
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Application No.: US11865176Application Date: 2007-10-01
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Publication No.: US08370248B2Publication Date: 2013-02-05
- Inventor: Peter Barker , Morgan Culverhouse , Larry Grannan
- Applicant: Peter Barker , Morgan Culverhouse , Larry Grannan
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee: Chicago Mercantile Exchange, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
Networks, systems and methods that match orders for TBA futures and settle and clear open positions for TBA futures are disclosed. The TBA futures may include MBS TBA future contracts. A central counterparty clearing firm may net long and short positions and generate delivery instructions to parties having open positions.
Public/Granted literature
- US20090089197A1 TBA FUTURES CONTRACTS AND CENTRAL COUNTERPARTY CLEARING OF TBA Public/Granted day:2009-04-02
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