Pricing a Forward Rate Agreement Financial Product Using a Non-Par Value

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United States of America Patent

SERIAL NO

14714872

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Abstract

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Computer readable media, methods, and apparatuses may be configured for processing a yield of a first financial instrument, determining a single floating rate payment based on the yield, determining a single fixed rate payment based on a fixed interest rate, determining a present value of the single floating rate payment, determining a present value of the single fixed rate payment, and generating a quote for a forward rate agreement index financial product as a function of the present value of the single floating rate payment and the present value of the single fixed rate payment.

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Patent Owner(s)

Patent OwnerAddress
CHICAGO MERCANTILE EXCHANGE INC20 SOUTH WACKER DRIVE CHICAGO IL 60606

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Labuszewski, John Westmont, US 107 465
Nyhoff, John Darien, US 57 185
Sturm, Frederick Chicago, US 39 252

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