Methods and apparatus relating to the formulation and trading of risk management contracts

摘要: Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. 'Sponsor' stakeholders (12) specify a particular product an event or phenomenon for there is range possible outcomes. 'Ordering' (13) then offer contracts predetermined corresponding The offered entitlement (or pay-off) at time maturity each outcome, consideration premium) payable, in exchange, 'counter-party' stakeholder (14). Independently contracts, (14) input data as their view likelihood occurrence outcome into future, specifically date maturity. Each contract priced by processing units (20) calculating counter-party premiums from registered data, match attempted comparison premium calculated premiums. Matched can be further traded until maturity, at-maturity handles exchange between matched parties contract.