Patents by Inventor Aaron Mayor

Aaron Mayor 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: 20140258072
    Abstract: A central counterparty receives a contract having transaction terms associated with an interest rate swap (IRS) and a position of a security, the transaction terms including an expiration date. Upon the expiration date and in a case of a physical settlement of the contract the IRS is generated based on the transaction terms. The central counterparty facilitates delivery of the security from a second counterparty to a first counterparty and starting on a specified date after the expiration date, receives payment of a fixed side of the IRS from the first counterparty, pays the fixed side of the IRS to the second counterparty, receives a floating side of the IRS from the second counterparty, and pays the floating side of the IRS to the first counterparty. In a case of a cash settlement of the contract and upon a specified date after the expiration date the contract is cash settled based on a market value of the contract.
    Type: Application
    Filed: March 5, 2014
    Publication date: September 11, 2014
    Applicant: LCH.Clearnet Limited
    Inventors: Aaron Mayor, Nathan J. Ondyak