Invention Grant
- Patent Title: Fuel offering and purchase management system
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Application No.: US13338446Application Date: 2011-12-28
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Publication No.: US08478684B2Publication Date: 2013-07-02
- Inventor: Michael Kirch , Saurabh Sanghvi , Daniel Sharfman
- Applicant: Michael Kirch , Saurabh Sanghvi , Daniel Sharfman
- Applicant Address: US NY New York
- Assignee: Goldman, Sachs & Co.
- Current Assignee: Goldman, Sachs & Co.
- Current Assignee Address: US NY New York
- Agency: Perkins Coie LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. A customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator determines which metrics are relevant to pricing the fuel offering and then employs those determined metrics to establish the pricing of fuel offerings.
Public/Granted literature
- US20120278133A1 Fuel Offering and Purchase Management System Public/Granted day:2012-11-01
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