HYBRID CROSS-MARGINING

A hybrid cross-margining system is disclosed. The disclosed provides for both joint accounts, maintained by multiple exchanges, as well as non-joint accounts, whereby the system recognizes both intra-account offsets within the joint account and inter- exchange offsets between the joint account and a...

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Bibliographic Details
Main Authors YOO, TAE SEOK, C, GLINBERG, DMITRIY, GOGOL, EDWARD
Format Patent
LanguageEnglish
French
Published 31.05.2007
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:A hybrid cross-margining system is disclosed. The disclosed provides for both joint accounts, maintained by multiple exchanges, as well as non-joint accounts, whereby the system recognizes both intra-account offsets within the joint account and inter- exchange offsets between the joint account and accounts maintained by another exchange to minimize the margin requirement of the associated market participant with respect to the positions reflected in these accounts. La présente invention concerne un système de dépôt de garantie croisée hybride. L'invention porte à la fois sur des comptes joints, maintenus par de multiples échanges, ainsi que sur des comptes non joints. Le système reconnaît à la fois les compensations intra-compte dans le compte joint et les compensations inter-échanges entre le compte joint et des comptes maintenus par un autre échange, en vue de réduire le dépôt de garantie exigé de l'intervenant sur le marché associé par rapport aux positions apparaissant sur ces comptes.
Bibliography:Application Number: WO2006US28001