This IRS index method is already in use by the FTSE. It is a valuable portfolio for exchanges, clearing houses, banks offering derivative products, financial instrument developers, and hedge funds.
New York (PRWEB) August 27, 2014
ICAP Patent Brokerage announces for license a patent disclosing a method for interest rate swap (IRS) index calculation from Pipeline Capital, LLC. This IP package is available as part of the Live Financial Auction Series with a bidding deadline of October 23, 2014.
“This IRS index method is already in use by the FTSE. It is a valuable portfolio for exchanges, clearing houses, banks offering derivative products, financial instrument developers, and hedge funds,” says Dean Becker, CEO of ICAP Patent Brokerage.
Key Characteristics & Benefits
The IP assets available in this portfolio disclose methods for interest rate swap (IRS) index calculation. These patented methods are currently utilised for IRS indexation by the FTSE. The indices are set up to replicate the performance of the IRS for the major currencies for all major tenors (2-30 years) and duration matches trading strategies (curve spreads and butterflies).
The IP reduces the risk to the underlying financial instrument when compared to other products in the market. By creating a minimum basis risk, it replicates the value of the underlying instrument as a derivative, and can therefore be traded in the same way, and for the same reasons, as the underlying instrument. This methodology can also suit other financial instruments such as metals derivatives.
“While many U.S. patents claiming methods in the financial products/services area have been placed under a cloud in light of a Supreme Court decision published in June 2014 (Alice Corporation Pty. Ltd. v. CLS Bank International et al., 573 U.S. ___ (2014)), it should be noted that the USPTO raised no issue regarding section 101 patentable subject matter. Given the timing of the recent office action regarding this patent application, i.e., during a period of heightened scrutiny of section 101 in the USPTO, this is strong evidence that no legitimate question exists as to the patentability of the allowed claims under section 101,” says Michael P. Kenney, Esq., legal counsel for Pipeline.
See the technical description of the interest rate swap calculation method IP sales offering.
To learn more about the intellectual property available for license in this portfolio or to place a bid:
Contact Doug Rhoten of ICAP Patent Brokerage at (201) 788-8898 or via email at Doug(at)icapip(dot)com.
If you have a patent for sale, visit our website to make a patent submission for an upcoming sealed bid event.
About Pipeline Capital
Since the first licence of its index intellectual property during 2006, Pipeline Capital has earned the respect in its field as the premier developer for fixed income indexation, owning patents with patents pending and copyrights. To nullify conflicts of interest, Pipeline Capital does not produce its own indices or tradable instruments, Pipeline Capital protects its licensees by proactively monitoring for breaches or potential breaches which are followed up by a pre-defined no limit legal program.
About ICAP Patent Brokerage
ICAP Patent Brokerage is the world's largest intellectual property brokerage and patent auction firm, leveraging the talents of experienced patent brokers to match buyers and sellers for the sale of patents and other intellectual property assets. With multiple transaction platforms and unparalleled industry knowledge, including experience with trademarks, brands, intellectual property licensing, and UCC sales, ICAP Patent Brokerage is the global leader in the transaction of intellectual property.