Patents by Inventor John E. Flory

John E. Flory 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).

  • UTILIZING CASH FLOW CONTRACTS AND PHYSICAL COLLATERAL FOR ENERGY-RELATED CLEARING AND CREDIT ENHANCEMENT PLATFORMS
    Publication number: 20110184891
    Abstract: In accordance with the present invention, a financial instrument for the energy market is created. The financial instrument comprises a derivative instrument related to accounts receivable or accounts payable or both. In a preferred embodiment, the derivative instrument normally consists of two sets of linked swaps. In the first set, the seller exchanges two things with a third party: (i) the right for payment of accounts receivable within a month from the buyer is exchanged for the right to payment of such accounts receivable within a week from the third party; and (ii) the obligation to deliver energy to the buyer is exchanged for the obligation to deliver to the third party.
    Type: Application
    Filed: January 24, 2011
    Publication date: July 28, 2011
    Inventors: John E. FLORY, Edger Seth Wilson, JR., Kathryn M. Trkla
  • Utilizing cash flow contracts and physical collateral for energy-related clearing and credit enhancement platforms
    Patent number: 7882016
    Abstract: In accordance with the present invention, a financial instrument for the energy market is created. The financial instrument comprises a derivative instrument related to accounts receivable or accounts payable or both. In a preferred embodiment, the derivative instrument normally consists of two sets of linked swaps. In the first set, the seller exchanges two things with a third party: (i) the right for payment of accounts receivable within a month from the buyer is exchanged for the right to payment of such accounts receivable within a week from the third party; and (ii) the obligation to deliver energy to the buyer is exchanged for the obligation to deliver to the third party.
    Type: Grant
    Filed: June 19, 2009
    Date of Patent: February 1, 2011
    Assignee: North American Energy Credit and Clearing Corp.
    Inventors: John E. Flory, Edger Seth Wilson, Jr., Kathryn M. Trkla
  • Utilizing Cash Flow Contracts and Physical Collateral for Energy-Related Clearing and Credit Enhancement Platforms
    Publication number: 20090313162
    Abstract: In accordance with the present invention, a financial instrument for the energy market is created. The financial instrument comprises a derivative instrument related to accounts receivable or accounts payable or both. In a preferred embodiment, the derivative instrument normally consists of two sets of linked swaps. In the first set, the seller exchanges two things with a third party: (i) the right for payment of accounts receivable within a month from the buyer is exchanged for the right to payment of such accounts receivable within a week from the third party; and (ii) the obligation to deliver energy to the buyer is exchanged for the obligation to deliver to the third party.
    Type: Application
    Filed: June 19, 2009
    Publication date: December 17, 2009
    Inventors: John E. Flory, Edger Seth Wilson, JR., Kathryn M. Trkla