Patents by Inventor Ian Kenneth Shepherd
Ian Kenneth Shepherd 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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Patent number: 8401954Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. ‘Sponsor’ stakeholders specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes. ‘Ordering’ stakeholders then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement or (pay-off) at the future time of maturity for “each outcome,” and a consideration (or premium) payable, in exchange, to a ‘counter-party’ stakeholder. Independently of the offered contracts, the ‘counter-party’ stakeholders input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity.Type: GrantFiled: May 24, 2010Date of Patent: March 19, 2013Assignee: Alice Corporation Pty Ltd.Inventor: Ian Kenneth Shepherd
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Patent number: 8229817Abstract: A system to enable the formulation of multi-party investments contracts. The system allows an ordering party to input contract data relating to at least one phenomenon that has a range of future outcomes and a future time of maturity. The contract data further includes a set of probabilities of occurrence for each outcome in the range and a consideration due to a counterparty at or after the time of maturity. One or more counterparties can input registering data including a set of probabilities of occurrence for each outcome in the range. The system prices and matches a contract by applying at least one template of entitlement as a function of outcome to each counterparty's set of probabilities to give one or more individual counterparty prices each equal to the ordering party's consideration, and further, applying the ordering party's set of probabilities to each template to derive an implied entitlement.Type: GrantFiled: October 28, 2009Date of Patent: July 24, 2012Assignee: Alice Corporation Pty Ltd.Inventor: Ian Kenneth Shepherd
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Publication number: 20110093377Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. ‘Sponsor’ stakeholders specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes. ‘Ordering’ stakeholders then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement or (pay-off) at the future time of maturity for “each outcome,” and a consideration (or premium) payable, in exchange, to a ‘counter-party’ stakeholder. Independently of the offered contracts, the ‘counter-party’ stakeholders input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity.Type: ApplicationFiled: May 24, 2010Publication date: April 21, 2011Applicant: Alice Corporation Pty Ltd.Inventor: Ian Kenneth Shepherd
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Patent number: 7822676Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. ‘Sponsor’ stakeholders specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes. ‘Ordering’ stakeholders then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement or (pay-off) at the future time of maturity for each outcome, and a consideration (or premium) payable, in exchange, to a ‘counter-party’ stakeholder. Independently of the offered contracts, the ‘counter-party’ stakeholders input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity.Type: GrantFiled: December 12, 2006Date of Patent: October 26, 2010Assignee: Alice Corporation Pty LtdInventor: Ian Kenneth Shepherd
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Patent number: 7725375Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. ‘Sponsor’ stakeholders specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes. ‘Ordering’ stakeholders then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement or (pay-off) at the future time of maturity for each outcome, and a consideration (or premium) payable, in exchange, to a ‘counter-party’ stakeholder. Independently of the offered contracts, the ‘counter-party’ stakeholders input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity.Type: GrantFiled: June 27, 2005Date of Patent: May 25, 2010Assignee: Alice Corporation Pty LtdInventor: Ian Kenneth Shepherd
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Publication number: 20100049649Abstract: A data processing system to enable the formulation of multi-party investments contracts is disclosed. The system comprises input means by which an ordering party can input contract data relating to at least one phenomenon, the phenomenon having a range of future outcomes and a future time of maturity. The contract data further includes a set of probabilities of occurrence for each outcome in the range and a consideration due to a counterparty at or after the time of maturity. One or more counterparties can input registering data including a set of probabilities of occurrence for each outcome in the range. The system further includes a data processor that is operable to price and match a contract from the contract data and the registering data.Type: ApplicationFiled: October 28, 2009Publication date: February 25, 2010Applicant: Alice Corporation PTY Ltd.Inventor: Ian Kenneth Shepherd
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Patent number: 7617147Abstract: A data processing system to enable the formulation of multi-party investments contracts is disclosed. The system comprises input means by which an ordering party can input contract data relating to at least one phenomenon, the phenomenon having a range of future outcomes and a future time of maturity. The contract data further includes a set of probabilities of occurrence for each outcome in the range and a consideration due to a counterparty at or after the time of maturity. One or more counterparties can input registering data including a set of probabilities of occurrence for each outcome in the range. The system further includes a data processor that is operable to price and match a contract from the contract data and the registering data.Type: GrantFiled: July 10, 2003Date of Patent: November 10, 2009Assignee: Alice Corporation Pty, Ltd.Inventor: Ian Kenneth Shepherd
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Publication number: 20080120222Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. ‘Sponsor’ stakeholders specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes. ‘Ordering’ stakeholders then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement or (pay-oft) at the future time of maturity for “each outcome,” and a consideration (or premium) payable, in exchange, to a ‘counter-party’ stakeholder. Independently of the offered contracts, the ‘counter-party’ stakeholders input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity.Type: ApplicationFiled: August 17, 2007Publication date: May 22, 2008Inventor: Ian Kenneth Shepherd
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Patent number: 6912510Abstract: A method of exchanging an obligation between parties where the exchange is administered by a supervisory institution that ensures real-time settling of obligations between parties by updating shadow records in real-time and instructing one or more exchange institutions to effect, from time to time, the exchange of obligations in accounts maintained external to the supervisory institution. Updates to the exchange institution accounts may reflect the net obligations of parties over a nominated period of time. The role of the supervisory institution is to ensure that obligations are only settled where parties have sufficient balance in their shadow records to complete the transaction. Obligations that can be exchanged include, but are not limited to: shares in financial or physical assets, participation rights in wagers, national or synthetic currencies, exchange settlement account deposits, taxation account deposits, and deposits of financial instruments or precious metals.Type: GrantFiled: May 9, 2000Date of Patent: June 28, 2005Assignee: Alice Corporation PTY LTDInventor: Ian Kenneth Shepherd
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Publication number: 20040059667Abstract: A data processing system to enable the formulation of multi-party investments contracts is disclosed. The system comprises input means by which an ordering party can input contract data relating to at least one phenomenon, the phenomenon having a range of future outcomes and a future time of maturity. The contract data further includes a set of probabilities of occurrence for each outcome in the range and a consideration due to a counterparty at or after the time of maturity. One or more counterparties can input registering data including a set of probabilities of occurrence for each outcome in the range. The system further includes a data processor that is operable to price and match a contract from the contract data and the registering data.Type: ApplicationFiled: July 10, 2003Publication date: March 25, 2004Inventor: Ian Kenneth Shepherd
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Publication number: 20030191707Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed.Type: ApplicationFiled: December 31, 2002Publication date: October 9, 2003Inventor: Ian Kenneth Shepherd
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Patent number: 6622130Abstract: Methods and apparatus relating to the formulation and trading of investment contracts are described. An ordering party inputs contract data relating to a phenomenon. The phenomenon has a range of future outcomes and a future time of maturity. The contract data includes a set of probabilities of occurrence for each outcome within the range, and a consideration due a counterparty at or after the time of matching. At least one counterparty inputs registering data that includes a set of probabilities of occurrence for each outcome in the range. A data processing means prices and matches a contract for the phenomenon from the contract data and registering data.Type: GrantFiled: September 21, 2000Date of Patent: September 16, 2003Assignee: Alice Corporation Pty Ltd.Inventor: Ian Kenneth Shepherd
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Publication number: 20030023546Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed.Type: ApplicationFiled: June 25, 2002Publication date: January 30, 2003Inventor: Ian Kenneth Shepherd
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Patent number: 6157918Abstract: Methods and apparatus relating to the formulation and trading of investment contracts are described. An ordering party inputs contract data relating to a phenomenon. The phenomenon has a range of future outcomes and a future time of maturity. The contract data includes a set of probabilities of occurrence for each outcome within the range, and a consideration due a counterparty at or after the time of matching. At least one counterparty inputs registering data that includes a set of probabilities of occurrence for each outcome in the range. A data processing means prices and matches a contract for the phenomenon from the contract data and registering data.Type: GrantFiled: May 15, 1998Date of Patent: December 5, 2000Assignee: Swychco Infrastructure Services PTY Ltd.Inventor: Ian Kenneth Shepherd
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Patent number: 6134536Abstract: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed.`Sponsor` stakeholders specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes.`Ordering` stakeholders then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement or (pay-off) at the future time of maturity for each outcome, and a consideration (or premium) payable, in exchange, to a `counter-party` stakeholder.Independently of the offered contracts, the `counter-party` stakeholders input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity.Type: GrantFiled: June 6, 1997Date of Patent: October 17, 2000Assignee: Swychco Infrastructure Services Pty Ltd.Inventor: Ian Kenneth Shepherd