Abstract: Systems and methods for hedging against stock price fluctuations are provided. These systems and methods are preferably directed towards providing executives holding company stock options with opportunities to limit their exposure to fluctuations in the price of stock issued by such companies. This is established through entering into transactions involving stock options with a counterparty.

Abstract: The present invention provides and system and related method for automatically examining a company's financial data and evaluating factors affecting the company's stock value. Specifically, the present invention evaluates a company's spread through that company's debt and equity costs. The present invention further measures returns to investors from company growth, either organic growth or growth through Mergers and acquisitions. The present invention may further evaluate the financial data of other publicly traded companies, such as those in the same industry, and compares the various factors affecting stock value. Proposed actions may then be evaluated according to their predicted changes to accounting values and the resulting changes in shareholder value from these changes.

Abstract: In private equity and debt funding operations, resource providers define electronic data collection templates to be filled in by prospective resource consumers to form semi-homogeneous profiles. Providers and/or consumers can assign themselves and/or selected third parties various individualized levels of permissions to access and to perform activities on the profiles. Providers can organize profiles into portfolios to further manage the data. All accesses and activities, such as changes to the data, are tracked and recorded in logs useful for audit purposes.

Abstract: The present invention provides and system and related method for automatically examining a company's financial data and evaluating factors affecting the company's stock value. Specifically, the present invention evaluates a company's spread through that company's debt and equity costs. The present invention further measures returns to investors from company growth, either organic growth or growth through Mergers and acquisitions. The present invention may further evaluate the financial data of other publicly traded companies, such as those in the same industry, and compares the various factors affecting stock value. The present invention also includes a system for determining the return to investors. The system may be a software-based application that collects receives financial data and uses this information to calculate the return to inventor through the company's spreads and growth. The system is connected to a distributed network such as the Internet.

Abstract: An anonymous trading system is configured to receive a price stream from a bank or other institution. The price stream is converted into a quote stream and input into the trading system via an automated trading interface. The quote stream has its own deal code. The deal code credit limits are set so that the only parties that have credit with the deal code are other deal codes of the same institution. At least one of these deal codes represents a prime broker bank and prime broker customers therefore have access to the institution's price stream to the exclusion of other parties trading on the system. A distributor distributes the quotes from the trading system to the prime broker customers' traders, to prime broker customer automated trading interfaces, and to prime broker customer deal feed systems for logging of deal tickets and communication of those deal tickets to back office systems.

Abstract: A system for and method of variable annuity contract administration is provided. Each variable annuity contract includes a bonus investment credit percentage, withdrawal charge percentages less than or equal to the bonus investment credit percentage in all contract years, and level asset-based compensation to distributors. In accordance with the invention, data relating to variable annuity contracts are stored in a memory means. A processing means is configured to read and manipulate the stored data to administer the variable annuity contracts from issuance to payout.

Abstract: A Central Securities Depository (CSD)-system carries out corporate actions in financial instruments. All financial instruments in the CSD-system are defined based on at least one of four functional basic building blocks: a first block for generating payments, a second block for requesting payments, a third block for adding holdings in an instrument, and a fourth block for removing holdings in an instrument.

Abstract: The invention comprises a system and method for hedging or mitigating mortality exposure risk in a portfolio of mortality-dependent instruments. A mortality risk or longevity risk of the portfolio is calculated or otherwise determined. Then the sensitivity of the portfolio to mortality risk or longevity risk is calculated or otherwise determined, in other words, how much is cost or value of the portfolio affected by a change in mortality rate. To account for that mortality exposure, a selection is made of building block mortality derivatives that include age-based mortality derivatives. The selected plurality of building block mortality derivatives are used to create a hedge against the mortality risk or longevity risk of the portfolio.

Abstract: Embodiments of the present invention relate to systems and methods for automating insurance underwriting by integrating information from multiple online databases and creating decision making advice useful to insurance underwriters. One system includes a client, database, and server. The client allows an underwriter to enter applicant information, enter customized risk modifiers, and receive an underwriting decision. The database provides additional applicant information. This information can include one or more of prescription drug history, credit history, motor vehicle records, and geocentric mortality risk. The server obtains the applicant information, calculates the applicant's risk, makes an underwriting decision. Another system calculates a prescription drug risk for an applicant from pharmacy benefits management data, drug risk category data, and application data.

Abstract: A method for facilitating the offset or contingent trading of commodity contracts comprising: providing a futures exchange wherein a futures or option contract based on a first commodity of a commodity type is traded; and automatically registering a trade of the futures or options contract on the futures exchange at a market price for the futures or options contract when an over the counter contract for a second commodity of the commodity type is traded.

Abstract: An investment account is managed having associated assets, including shares of different securities, transacted in accordance with a plurality of different investment styles. A cash deposit into such a multi-style investment account and a request for a cash withdrawal from the multi-style investment account are handled differently but efficiently across the different investment styles in the investment account. When cash is deposited into the investment account, the cash deposit is placed into a temporary “cash bucket” in the investment account common across different investment styles. The cash is then distributed individual “cash buckets” each associated with an investment style in the investment account in accordance with a selected cash deposit allocation.

Abstract: A method of recovering overpayment of long-term disability benefits paid to a claimant by a client after the receipt of Social Security disability insurance payment with client interaction. The overpayment recovery service is seamless and provides for preauthorized, automated recovery of overpayments from a claimant's account and increases the percentage collected and reduces collection time over conventional methods. The system allows the client selected computer access to participate in and monitor the progress in the award and recovery of the overpayment.

Abstract: A Group Equity-Indexed Annuity (GEIA) with a guaranteed minimum equity related return for a set of individuals are provided. An algorithm sets a “participation rate” of a GEIA contract as well as the carrier margin, risk and opportunity for recovery. The carrier is held accountable to the participation rate produced by the model investment portfolio in the formula and subject to the guaranteed minimum. The selection of the participation rate is entirely visible to a GEIA contract-holder. A “hedge budget” is based on a formula-driven amortization process that blends old and new money. Underlying assets are also managed to a “constant” duration, such as the duration of a bond index selected by the GEIA contract-holder.

Abstract: The invention relates to the business disciplines known as Enterprise Risk Management, or ERM and with the addition of this invention, Strategic Risk Management, or SRM. It specifically relates to the quantification or measurement and validation of the historical impact of all risks and risk management activity on an organization. The invention provides a methodology to measure, baseline, track and benchmark the total cost of all historical risk events, including both positive and negative events, and risk-related activities that impact the earnings of an organization.

Abstract: A method and apparatus is provided for gathering information from issuers of municipal securities and distributing information evenly to municipal disclosure repositories, regulatory bodies and the public. A computer application enables an issuer to enter ongoing information about an issue to comply with contractual obligations to bond holders and to provide Brokers and Dealers with a procedure for facilitating regulatory requirements that provide prompt notice of events relating to bonds they recommend to customers. The computer application prompts issuers to file information that is required to be submitted on a periodic basis, and publishes such information to the public, while also transmitting such information to municipal disclosure repositories and/or regulatory bodies. If an issuer does not submit required information by a due date, a failure to file notice is generated. An audit trail is established for gathered and distributed information.

Abstract: A passive investment system based on indices created from various metrics is disclosed. The indexes may be built by selecting and weighting securities by an objective measure of scale such as accounting metrics rather than market capitalization weighting, price weighting or equal weighting. Various financial, accounting, and non-financial metrics may be used to build an index. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio.

Abstract: An automated system for matching orders to buy and sell securities including a displayed market where orders are executed at a BBO price and where information about the market is made available to investors and a midpoint matching market for matching buy and sell orders at a predetermined price, namely, the midpoint between the national best bid and offer. The displayed market and the midpoint matching market are linked so that orders submitted to the displayed market are exposed to the midpoint matching market and can be executed at an improved price if a contra order is available on the midpoint matching market.

Abstract: A method of providing post-award services and savings to claimants upon recovery overpaid, long-term disability benefits after the receipt of Social Security disability insurance payment. The overpayment recovery service is seamless and provides for automatic recovery of overpayments from the claimant account with the post-award services and savings being an integrated service.

Abstract: An improved optimization method for maximizing the profit available to an informed securities or commodities trader as a result of unique information known by the trader about a traded unit which enables the trader to formulate the true per-unit value the security or commodity whereby the effect on the market parameters of a given trading period had by the trader's future trade activity when the trader has knowledge of the specific probabilities that the trader will engage in trade activity during at least one subsequent trading period is taken into account for any set of such probabilities having constituents greater than 0% and at least one constituent less than 100%.

Abstract: The present invention relates to a method and system of assessing the risk of a vehicle dealership defaulting on a financial obligation. A preferred method embodiment of the present invention includes receiving at least one financial factor with a plurality of point weights and vehicle dealership financial statement information and determining a dealership point weight for each financial factor based on the plurality of point weights and the financial statement data to obtain a default risk rating based on the dealership point weight(s).