Patents by Inventor David Andrew Boberski
David Andrew Boberski 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).
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Publication number: 20240013296Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: ApplicationFiled: September 21, 2023Publication date: January 11, 2024Applicant: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Patent number: 11861709Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: GrantFiled: January 23, 2023Date of Patent: January 2, 2024Assignee: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Patent number: 11847702Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: GrantFiled: September 14, 2020Date of Patent: December 19, 2023Assignee: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20230222595Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: ApplicationFiled: March 10, 2023Publication date: July 13, 2023Applicant: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20230177605Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: ApplicationFiled: January 23, 2023Publication date: June 8, 2023Applicant: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Patent number: 11593882Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: GrantFiled: January 11, 2022Date of Patent: February 28, 2023Assignee: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Publication number: 20220138850Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: ApplicationFiled: January 11, 2022Publication date: May 5, 2022Applicant: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Patent number: 11257154Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: GrantFiled: February 25, 2019Date of Patent: February 22, 2022Assignee: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Publication number: 20200410597Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: ApplicationFiled: September 14, 2020Publication date: December 31, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Patent number: 10810671Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: GrantFiled: June 25, 2015Date of Patent: October 20, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20190188792Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: ApplicationFiled: February 25, 2019Publication date: June 20, 2019Applicant: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Patent number: 10248997Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: GrantFiled: September 15, 2009Date of Patent: April 2, 2019Assignee: Chicago Mercantile Exchange Inc.Inventor: David Andrew Boberski
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Publication number: 20150379643Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: ApplicationFiled: June 25, 2015Publication date: December 31, 2015Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20110066535Abstract: An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty.Type: ApplicationFiled: September 15, 2009Publication date: March 17, 2011Applicant: CHICAGO MERCANTILE EXCHANGE, INC.Inventor: David Andrew Boberski