Patents by Inventor Jingbin Yin

Jingbin Yin 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: 20250252496
    Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.
    Type: Application
    Filed: April 21, 2025
    Publication date: August 7, 2025
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
  • Publication number: 20240062297
    Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.
    Type: Application
    Filed: October 17, 2023
    Publication date: February 22, 2024
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
  • Patent number: 11830068
    Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.
    Type: Grant
    Filed: October 29, 2019
    Date of Patent: November 28, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
  • Publication number: 20220122173
    Abstract: The disclosed embodiments relate to reducing, minimizing or otherwise optimizing margin requirements for a trader having both an interest rate (IR) futures and over-the-counter (OTC) interest rate swaps (IRS) accounts by efficiently allocating IR futures across both accounts.
    Type: Application
    Filed: October 21, 2020
    Publication date: April 21, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Andrey Lopatin, Jingbin Yin, Jalpan Shah
  • Publication number: 20200065904
    Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.
    Type: Application
    Filed: October 29, 2019
    Publication date: February 27, 2020
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
  • Patent number: 10572939
    Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.
    Type: Grant
    Filed: August 29, 2016
    Date of Patent: February 25, 2020
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
  • Publication number: 20160314532
    Abstract: Systems and methods are provided for determining volatility levels and margin requirements for portfolios that include swaptions. End of day volatility data from swaption dealers. The data may be filtered and blended to obtain data and then a modified SABR model may be used to fit a smile to the data points.
    Type: Application
    Filed: January 21, 2016
    Publication date: October 27, 2016
    Inventors: Jingbin Yin, Jalpan Shah
  • Publication number: 20160055584
    Abstract: A performance bond contribution applicable to a holding in one or more products based on a currency pair may be determined, at least in part, based on volatility values and a volatility floor value. A performance bond contribution applicable to a holding in one or more products based on a third currency pair that includes first and third currencies may be determined using a series of rates. That series of rates may be created, at least in part, based on a series of rates applicable to a first currency pair that includes the first currency and a second currency and a series of rates applicable to a second currency pair that includes the third currency and the second currency. A performance bond contribution applicable to a product based on a pegged component currency pair may be determined using hypothetical portfolios.
    Type: Application
    Filed: November 3, 2015
    Publication date: February 25, 2016
    Inventors: Jingbin Yin, Ivaylo D. Nikolov, Jalpan Shah
  • Publication number: 20160048921
    Abstract: Systems and methods are provided for determining liquidations costs for portfolios of financial instruments. Survey data for liquidation costs at different risk profiles is received from market participants. An initial attempt is made to hedge part of the portfolio. Some hedges may not be available during market stress conditions. A warehousing cost for warehousing the unhedged portion of the portfolio is determined and a re-hedge cost for hedging the partially hedged portfolio when hedges are available is determined. A liquidation cost is a combination of the hedge cost, the warehousing cost and the re-hedge cost. Weighting for Greek ladder may be created by mapping liquidation costs to Greek ladders. Lookup tables may be created from liquidity cost. The lookup tables may be used to look up for liquidity cost using aggregated Greek generated by weighted sum of Greek ladder and provide a simplified mechanism for determining liquidation costs.
    Type: Application
    Filed: August 12, 2014
    Publication date: February 18, 2016
    Inventors: Udesh Jha, Jingbin Yin, Andrei Lopatin, Jalpan Shah, Chad Voegele
  • Publication number: 20160035024
    Abstract: A margin requirement is determined for a financial product. A present value of the financial position is obtained, and scenario projected values of the financial position at a future date are calculated for a plurality of loss risk scenarios in accordance with a plurality of scenario curves representative of the plurality of loss risk scenarios, respectively. An initial margin requirement is determined based on the obtained present value and the calculated scenario projected values. Each scenario curve of the plurality of scenario curves is configured to forecast the respective loss risk scenario of the plurality of loss risk scenarios as if looking forward from the future date. In some cases, when the financial position includes a swaption that expires before the future date, the swaption is converted to a seasoned swap if the swaption resides in-the-money.
    Type: Application
    Filed: July 29, 2014
    Publication date: February 4, 2016
    Inventors: Jingbin Yin, Jalpan Shah
  • Publication number: 20150012462
    Abstract: Systems and methods are provided for determining volatility levels for swaptions. End of day volatility data from swaption dealers. The data may be blended to obtain averaged data and then a modified SABR model may be used to fit a smile to the data points. The modified SABR model models density instead of implied volatility.
    Type: Application
    Filed: June 20, 2014
    Publication date: January 8, 2015
    Inventors: Jingbin Yin, Andrei Lopatin
  • Publication number: 20140379550
    Abstract: Systems and methods are provided for determining volatility levels for swaptions. End of day volatility data from swaption dealers. The data may be blended to obtain averaged data and then a modified SABR model may be used to fit a smile to the data points. The modified SABR model models density instead of implied volatility.
    Type: Application
    Filed: June 20, 2014
    Publication date: December 25, 2014
    Inventors: Jingbin Yin, Andrei Goloubentsev
  • Publication number: 20140172746
    Abstract: A performance bond contribution applicable to a holding in one or more products based on a currency pair may be determined, at least in part, based on volatility values and a volatility floor value. A performance bond contribution applicable to a holding in one or more products based on a third currency pair that includes first and third currencies may be determined using a series of rates. That series of rates may be created, at least in part, based on a series of rates applicable to a first currency pair that includes the first currency and a second currency and a series of rates applicable to a second currency pair that includes the third currency and the second currency. A performance bond contribution applicable to a product based on a pegged component currency pair may be determined using hypothetical portfolios.
    Type: Application
    Filed: December 14, 2012
    Publication date: June 19, 2014
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Jingbin Yin, Ivaylo D. Nikolov, Jalpan Shah
  • Publication number: 20140081820
    Abstract: The disclosed embodiments relate to reducing, minimizing or otherwise optimizing margin requirements for a trader having both an interest rate (IR) futures and over-the-counter (OTC) interest rate swaps (IRS) accounts by efficiently allocating IR futures across both accounts.
    Type: Application
    Filed: May 10, 2013
    Publication date: March 20, 2014
    Inventors: Corey Farabi, Chad Voegele, Matt Simpson, Keith A. Anguish, Steve Ishmael, Dmitriy Glinberg, Igor Zolotarev, Rafet Evren Baysal, Jingbin Yin, Ziyi Wang