Patents by Inventor Thomas Patrick Rafferty

Thomas Patrick Rafferty has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20230306512
    Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.
    Type: Application
    Filed: May 31, 2023
    Publication date: September 28, 2023
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
  • Patent number: 11704734
    Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.
    Type: Grant
    Filed: May 18, 2021
    Date of Patent: July 18, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
  • Publication number: 20210272203
    Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.
    Type: Application
    Filed: May 18, 2021
    Publication date: September 2, 2021
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
  • Publication number: 20210272202
    Abstract: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.
    Type: Application
    Filed: May 18, 2021
    Publication date: September 2, 2021
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Thomas Patrick Rafferty, Murphy James Brennan, Timothy Francis McCourt, Giovanni Vicioso, David Paul Plandowski, Benjamin Carl Rutledge
  • Patent number: 11042933
    Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.
    Type: Grant
    Filed: October 17, 2017
    Date of Patent: June 22, 2021
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
  • Patent number: 11042935
    Abstract: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.
    Type: Grant
    Filed: January 2, 2019
    Date of Patent: June 22, 2021
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Thomas Patrick Rafferty, Murphy James Brennan, Timothy Francis McCourt, Giovanni Vicioso, David Paul Plandowski, Benjamin Carl Rutledge
  • Publication number: 20200211111
    Abstract: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.
    Type: Application
    Filed: January 2, 2019
    Publication date: July 2, 2020
    Inventors: Richard Co, Thomas Patrick Rafferty, Murphy James Brennan, Timothy Francis McCourt, Giovanni Vicioso, David Paul Plandowski, Benjamin Carl Rutledge