Patents by Inventor Thomas Patrick Rafferty
Thomas Patrick Rafferty 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: 20260044895Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.Type: ApplicationFiled: October 14, 2025Publication date: February 12, 2026Applicant: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
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Patent number: 12469078Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.Type: GrantFiled: May 31, 2023Date of Patent: November 11, 2025Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
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Publication number: 20230306512Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.Type: ApplicationFiled: May 31, 2023Publication date: September 28, 2023Applicant: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
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Patent number: 11704734Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.Type: GrantFiled: May 18, 2021Date of Patent: July 18, 2023Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
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Publication number: 20210272203Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.Type: ApplicationFiled: May 18, 2021Publication date: September 2, 2021Applicant: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
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Publication number: 20210272202Abstract: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.Type: ApplicationFiled: May 18, 2021Publication date: September 2, 2021Applicant: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Thomas Patrick Rafferty, Murphy James Brennan, Timothy Francis McCourt, Giovanni Vicioso, David Paul Plandowski, Benjamin Carl Rutledge
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Patent number: 11042935Abstract: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.Type: GrantFiled: January 2, 2019Date of Patent: June 22, 2021Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Thomas Patrick Rafferty, Murphy James Brennan, Timothy Francis McCourt, Giovanni Vicioso, David Paul Plandowski, Benjamin Carl Rutledge
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Patent number: 11042933Abstract: Systems and methods are provided for efficiently processing withholding payments for constructive dividends. A party that receives constructive dividend payments also has a corresponding short position in a withholding financial instrument. A clearing house computer system adjusts the value of a withholding financial instrument in response to receipt of constructive dividend payments. The clearing house computer system determines a variation margin amount for the short party and processes a variation margin payment from the short party to a withholding account through the variation margin settlement system.Type: GrantFiled: October 17, 2017Date of Patent: June 22, 2021Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy Francis McCourt, Thomas Patrick Rafferty, John Balaam Alexander Kerpel
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Publication number: 20200211111Abstract: A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step calculation including determining the price ratio between the underlying products and balancing the quantity of contracts required of each leg product.Type: ApplicationFiled: January 2, 2019Publication date: July 2, 2020Inventors: Richard Co, Thomas Patrick Rafferty, Murphy James Brennan, Timothy Francis McCourt, Giovanni Vicioso, David Paul Plandowski, Benjamin Carl Rutledge