WO2008124714A3 - System and method for index based settlement under price protection contracts - Google Patents

System and method for index based settlement under price protection contracts Download PDF

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Publication number
WO2008124714A3
WO2008124714A3 PCT/US2008/059619 US2008059619W WO2008124714A3 WO 2008124714 A3 WO2008124714 A3 WO 2008124714A3 US 2008059619 W US2008059619 W US 2008059619W WO 2008124714 A3 WO2008124714 A3 WO 2008124714A3
Authority
WO
WIPO (PCT)
Prior art keywords
price
price protection
purchase
fuel
contracts
Prior art date
Application number
PCT/US2008/059619
Other languages
French (fr)
Other versions
WO2008124714A2 (en
Inventor
Robert M. Fell
Scott Painter
Brian P. Reed
Michael R. Bonsignore
Gary A. Magnuson
Thomas D. Gros
Original Assignee
Pricelock, Inc.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Pricelock, Inc. filed Critical Pricelock, Inc.
Publication of WO2008124714A2 publication Critical patent/WO2008124714A2/en
Publication of WO2008124714A3 publication Critical patent/WO2008124714A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

Systems and methods for the provisioning of price protection contracts which provide price protection against adverse fluctuations in the retail price of a commodity are disclosed. While these price protection contracts may pertain to almost any type of commodity, certain embodiments of the present invention may provide systems and method for allowing a consumer to obtain price protection on the purchase of fuel. Specifically, embodiments of the present invention may provide the ability to obtain a price protection contract for the purchase of fuel where the price protection contract specifies at least one lock price, quantity, locale and time period such that the price protection contract may guarantee the right to aggregately purchase the quantity of fuel in the locale at the lock price during the time period and where purchases under the price protection contract are settled against an index price at the time of the purchase.
PCT/US2008/059619 2007-04-09 2008-04-08 System and method for index based settlement under price protection contracts WO2008124714A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US92242707P 2007-04-09 2007-04-09
US60/922,427 2007-04-09

Publications (2)

Publication Number Publication Date
WO2008124714A2 WO2008124714A2 (en) 2008-10-16
WO2008124714A3 true WO2008124714A3 (en) 2009-12-30

Family

ID=39831563

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2008/059619 WO2008124714A2 (en) 2007-04-09 2008-04-08 System and method for index based settlement under price protection contracts

Country Status (1)

Country Link
WO (1) WO2008124714A2 (en)

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030101125A1 (en) * 2001-05-04 2003-05-29 Mcgill Bradley J. Derivative securities and system for trading same
US20060036530A1 (en) * 2004-08-10 2006-02-16 Gary Shkedy Method and apparatus for facilitating micro energy derivatives transactions on a network system
US20060218056A1 (en) * 2005-03-10 2006-09-28 Dickman Craig S Method for shippers to manage fuel costs
US20070038553A1 (en) * 2005-08-15 2007-02-15 Miller Jeffrey A Full price protection method as a marketing tool
US20080015964A1 (en) * 2005-10-25 2008-01-17 Shuster Gary S Retail Price Hedging

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030101125A1 (en) * 2001-05-04 2003-05-29 Mcgill Bradley J. Derivative securities and system for trading same
US20060036530A1 (en) * 2004-08-10 2006-02-16 Gary Shkedy Method and apparatus for facilitating micro energy derivatives transactions on a network system
US20060218056A1 (en) * 2005-03-10 2006-09-28 Dickman Craig S Method for shippers to manage fuel costs
US20070038553A1 (en) * 2005-08-15 2007-02-15 Miller Jeffrey A Full price protection method as a marketing tool
US20080015964A1 (en) * 2005-10-25 2008-01-17 Shuster Gary S Retail Price Hedging

Also Published As

Publication number Publication date
WO2008124714A2 (en) 2008-10-16

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