US Patent 7398242 Risk stripping system and method

Patent 7398242 was granted and assigned to UBS (CRM&Web-sites) on July, 2008 by the United States Patent and Trademark Office.

Overview Structured Data Issues Contributors Activity

Is a

Patent

Patent attributes

Current Assignee

UBS (CRM&Web-sites)

Patent Jurisdiction

United States Patent and Trademark Office

Patent Number

7398242

Date of Patent

July 8, 2008

Patent Application Number

09891183

Date Filed

June 25, 2001

Patent Primary Examiner

‌

Mary Cheung

Patent abstract

A method is provided for managing risk associated with at least one financial transaction wherein each of the at least one financial transactions having at least a first risk factor and a second risk factor. The method includes a first step of receiving one of the at least one financial transactions. Next, in a second step, the first risk factor is transferred to a first risk book. The second risk factor is then transferred to a second risk book, in a third step. Next, in a fourth step, another of the at least one financial transactions is received. Finally, the second through fourth steps are repeated for each of the at least one financial transactions.