Computer based system for pricing an index-offset deposit product

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United States of America Patent

PATENT NO 8615460
SERIAL NO

13771713

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Abstract

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A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount.

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Patent Owner(s)

  • GENESIS FINANCIAL DEVELOPMENT, INC.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Payne, Richard C Mississauga, CA 19 258
Rose, John A Toronto, CA 19 81
Verrier, Marc G Victoria, CA 5 28

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