Patents by Inventor Mingchao Chen

Mingchao Chen 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).

  • System and method for evaluating idiosyncratic risk for cash flow variability
    Patent number: 8326746
    Abstract: A Monte Carlo simulation engine configured to perform a primary beneficiary test to determine whether a variable interest entity holder is a primary beneficiary of a financial instrument. The engine includes a cash flow engine configured to generate a set of default/prepayment curves representing one or more discrete cash flow scenarios for one or more loans for the financial instrument, the default/prepayment curves representative of systemic risk associated with the financial instrument. The engine further includes an idiosyncratic risk module configured to convert the set of default/prepayment curves defined by the cash flow engine into a number of occurrences, which, at an aggregated level, mimic the default/prepayment curve from a systemic risk model.
    Type: Grant
    Filed: June 25, 2008
    Date of Patent: December 4, 2012
    Assignee: Fannie Mae
    Inventors: Gordon Crawford, William Schultz, Mingchao Chen, Brian Burk