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1.
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METHOD AND APPARATUS FOR PROVIDING AFTER TAX VALUATION OF TAX-EXEMPT BONDS
Numéro d'application |
18824196 |
Statut |
En instance |
Date de dépôt |
2024-09-04 |
Date de la première publication |
2024-12-26 |
Propriétaire |
ICE Data Services, Inc. (USA)
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Inventeur(s) |
Kalotay, Andrew J.
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Abrégé
Methods and systems are disclosed for determining valuation and risk analysis of municipal debt instruments on an after-tax basis. In one embodiment, bond terms, yield curve and interest rate volatility data are received for a set of bonds. Additionally, IRS treatment data and applicable tax rates for the set of bonds and a purchaser of the bonds are also received. Theoretical tax-neutral values of the bonds are calculated using a buy-and-hold methodology, wherein the tax-neutral value comprises the price of the at least one municipal debt offering such that its discounted after-tax value equals the price. A theoretical maximum after-tax values of the bonds are also calculated using a recursive valuation path-dependent methodology. Optimal bond management is determined using the calculated theoretical tax-neutral values and maximum after-tax values of the bonds.
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2.
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Method and apparatus for providing after tax valuation of tax-exempt bonds
Numéro d'application |
18430176 |
Numéro de brevet |
12112382 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2024-02-01 |
Date de la première publication |
2024-05-23 |
Date d'octroi |
2024-10-08 |
Propriétaire |
ICE Data Services, Inc. (USA)
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Inventeur(s) |
Kalotay, Andrew J.
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Abrégé
Methods and systems are disclosed for determining valuation and risk analysis of municipal debt instruments on an after-tax basis. In one embodiment, bond terms, yield curve and interest rate volatility data are received for a set of bonds. Additionally, IRS treatment data and applicable tax rates for the set of bonds and a purchaser of the bonds are also received. Theoretical tax-neutral values of the bonds are calculated using a buy-and-hold methodology, wherein the tax-neutral value comprises the price of the at least one municipal debt offering such that its discounted after-tax value equals the price. A theoretical maximum after-tax values of the bonds are also calculated using a recursive valuation path-dependent methodology. Optimal bond management is determined using the calculated theoretical tax-neutral values and maximum after-tax values of the bonds.
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3.
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Method and apparatus for providing after tax valuation of tax-exempt bonds
Numéro d'application |
18361079 |
Numéro de brevet |
11928735 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2023-07-28 |
Date de la première publication |
2024-01-11 |
Date d'octroi |
2024-03-12 |
Propriétaire |
ICE Data Services, Inc. (USA)
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Inventeur(s) |
Kalotay, Andrew J.
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Abrégé
Methods and systems are disclosed for determining valuation and risk analysis of municipal debt instruments on an after-tax basis. In one embodiment, bond terms, yield curve and interest rate volatility data are received for a set of bonds. Additionally, IRS treatment data and applicable tax rates for the set of bonds and a purchaser of the bonds are also received. Theoretical tax-neutral values of the bonds are calculated using a buy-and-hold methodology, wherein the tax-neutral value comprises the price of the at least one municipal debt offering such that its discounted after-tax value equals the price. A theoretical maximum after-tax values of the bonds are also calculated using a recursive valuation path-dependent methodology. Optimal bond management is determined using the calculated theoretical tax-neutral values and maximum after-tax values of the bonds.
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4.
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Method and apparatus for providing after tax valuation of tax-exempt bonds
Numéro d'application |
17965379 |
Numéro de brevet |
11756125 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2022-10-13 |
Date de la première publication |
2023-04-20 |
Date d'octroi |
2023-09-12 |
Propriétaire |
ICE Data Services, Inc. (USA)
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Inventeur(s) |
Kalotay, Andrew J.
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Abrégé
Methods and systems are disclosed for determining valuation and risk analysis of municipal debt instruments on an after-tax basis. In one embodiment, bond terms, yield curve and interest rate volatility data are received for a set of bonds. Additionally, IRS treatment data and applicable tax rates for the set of bonds and a purchaser of the bonds are also received. Theoretical tax-neutral values of the bonds are calculated using a buy-and-hold methodology, wherein the tax-neutral value comprises the price of the at least one municipal debt offering such that its discounted after-tax value equals the price. A theoretical maximum after-tax values of the bonds are also calculated using a recursive valuation path-dependent methodology. Optimal bond management is determined using the calculated theoretical tax-neutral values and maximum after-tax values of the bonds.
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5.
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ESIGNAL
Numéro de série |
87243684 |
Statut |
Enregistrée |
Date de dépôt |
2016-11-21 |
Date d'enregistrement |
2017-08-01 |
Propriétaire |
ICE DATA SERVICES, INC. ()
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Classes de Nice ? |
- 09 - Appareils et instruments scientifiques et électriques
- 36 - Services financiers, assurances et affaires immobilières
- 42 - Services scientifiques, technologiques et industriels, recherche et conception
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Produits et services
[ Computer hardware and ] Computer software for providing financial exchange services, namely, assisting others with the purchasing and selling of commodities, futures, derivatives, currencies, securities, shares, stocks, options and other financial instruments; Computer hardware and computer software for financial administration of stock exchange trading of shares and other financial securities in global financial markets; Computer hardware and computer software providing an electronic trading platform to enable subscribers to engage in on-line trading of commodities, futures, derivatives, currencies, securities, shares, stocks, options and other financial instruments; Computer hardware and computer software for providing real-time and historic financial market data, news and information; Computer hardware and computer software for providing financial advisory services; Computer hardware and computer software for providing brokerage services involving currencies, commodities, futures, derivatives, securities, shares, stocks, options and bonds; Computer hardware and computer software for monitoring global financial markets; Computer hardware and computer software for financial clearing and settlement of financial transactions; Computer hardware and computer software for financial management of orders for currencies, commodities, futures, derivatives, securities, shares, stocks, options and bonds in global financial markets; Computer hardware and computer software for providing quotation of prices and valuation of commodities, derivatives, options, stocks, shares, currencies, derivatives, futures and other financial instruments; Computer hardware and computer software for providing financial research and analysis services; Computer hardware and computer software for providing analyses of stock exchange, commodities exchange, derivatives exchange, options exchange, and futures exchange information; Computer hardware and computer software for providing financial analysis, namely, compiling and analyzing statistics, data and other sources of information for financial purposes; Computer hardware and computer software for providing back testing, advance charting, proprietary charting indicators, chart drawing tools, market statistic screening, option analysis, customized studies and formulas, customized alerts and notifications Providing financial exchange services, namely, assisting others with the purchasing and selling of commodities, futures, derivatives, currencies, securities, shares, stocks, options and other financial instruments; Financial administration of stock exchange trading of shares and other financial securities in global financial markets; Providing an electronic trading platform to enable subscribers to engage in On-line trading of commodities, futures, derivatives, currencies, securities, shares, stocks, options and other financial instruments; Financial services, namely, providing real-time and historic financial market data, news and information; [ financial advisory services; ] Brokerage services involving currencies, commodities, futures, derivatives, securities, shares, stocks, options and bonds; Monitoring global financial markets for investment purposes; Providing financial exchange services in the nature of financial clearing and settlement of financial transactions; Financial management of orders for currencies, commodities, futures, derivatives, securities, shares, stocks, options and bonds in global financial markets; quotation of prices and valuation of commodities, derivatives, options, stocks, shares, currencies, derivatives, futures and other financial instruments; financial research and analysis services; Computer analyses of stock exchange, commodities exchange, derivatives exchange, options exchange, and futures exchange information; Financial analysis, namely, compiling and analyzing statistics, data and other sources of information for financial purposes; Financial services, namely, providing back testing, advance charting, proprietary charting indicators, chart drawing tools, market statistic screening, option analysis, customized studies and formulas, customized alerts and notifications for financial purposes Hosting a website for others for providing financial exchange services, namely, assisting others with the purchasing and selling of commodities, futures, derivatives, currencies, securities, shares, stocks, options and other financial instruments; Hosting a website for others for providing financial administration of stock exchange trading of shares and other financial securities in global financial markets; Hosting a website for others for providing an electronic trading platform to enable subscribers to engage in On-line trading of commodities, futures, derivatives, currencies, securities, shares, stocks, options and other financial instruments; Hosting a website for others for providing real-time and historic financial market data, news and information; Hosting a website for others for providing financial advisory services; Hosting a website for others for providing brokerage services involving currencies, commodities, futures, derivatives, securities, shares, stocks, options and bonds; Hosting a website for others for providing monitoring global financial markets; Hosting a website for others for providing financial clearing and settlement of financial transactions; Hosting a website for others for providing financial management of orders for currencies, commodities, futures, derivatives, securities, shares, stocks, options and bonds in global financial markets; Hosting a website for others for providing quotation of prices and valuation of commodities, derivatives, options, stocks, shares, currencies, derivatives, futures and other financial instruments; Hosting a website for others for providing financial research and analysis services; Hosting a website for others for providing computer analyses of stock exchange, commodities exchange, derivatives exchange, options exchange, and futures exchange information; Hosting a website for others for providing financial analysis, namely, compiling and analyzing statistics, data and other sources of information for financial purposes; Hosting a website for others for providing back testing, advance charting, proprietary charting indicators, chart drawing tools, market statistic screening, option analysis, customized studies and formulas, customized alerts and notifications
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6.
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System and method for displaying trend indications
Numéro d'application |
11480078 |
Numéro de brevet |
07707100 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2006-06-30 |
Date de la première publication |
2008-01-17 |
Date d'octroi |
2010-04-27 |
Propriétaire |
ICE DATA SERVICES, INC. (USA)
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Inventeur(s) |
- Hjartberg, Jon S.
- Thompson, Charles
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Abrégé
A system and method for displaying a trend indication using a primary and secondary indicia. The primary indicium corresponds to an overall trend indication and the secondary indicia relate to the reliability of the overall trend indication. The secondary indicia correspond to a trend indication for each phase of the selected analysis strategy. The secondary indicia provide the user with a quick and easy methodology to ascertain the reliability of the overall trend indication based on the concurrence or disagreement of the secondary indicia with the primary indicium.
Classes IPC ?
- G06Q 40/00 - FinanceAssuranceStratégies fiscalesTraitement des impôts sur les sociétés ou sur le revenu
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7.
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Method and a system for valuing and analyzing bonds with estate put features
Numéro d'application |
11689626 |
Numéro de brevet |
07805350 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2007-03-22 |
Date de la première publication |
2007-10-18 |
Date d'octroi |
2010-09-28 |
Propriétaire |
ICE DATA SERVICES, INC. (USA)
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Inventeur(s) |
Kalotay, Andrew J.
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Abrégé
In accordance with one aspect of the present invention, a method is disclosed for valuing at least one bond having a nominal lifetime, the bond having estate put and call options and a cash flow value. The method includes the steps of decomposing the bond into a plurality of pieces, the plurality of pieces equal to the number of years of the nominal lifetime of the bond, valuing the estate put, call option, and cash flow of each piece based on an expected mortality rate, and aggregating the estate put, call option, and cash flow values of each piece to determine an aggregate value, wherein the value of the bond is equivalent to the aggregate value. A system also is disclosed for implementing the steps of the method of the present invention to determine the value of the bond.
Classes IPC ?
- G06Q 40/00 - FinanceAssuranceStratégies fiscalesTraitement des impôts sur les sociétés ou sur le revenu
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8.
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Method and system for determining which mortgage choice is best for a consumer
Numéro d'application |
11510897 |
Numéro de brevet |
08478670 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2006-08-28 |
Date de la première publication |
2007-03-08 |
Date d'octroi |
2013-07-02 |
Propriétaire |
ICE DATA SERVICES, INC. (USA)
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Inventeur(s) |
Kalotay, Andrew J.
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Abrégé
A method and system for selecting a preferred debt instrument (e.g., mortgage) for an individual consumer, where the option adjusted spreads (OAS) and risk measures of a plurality of debt instruments are determined and ranked using standard bond valuation methodology. A typical scenario involves a consumer inputting a plurality of mortgages and associated features (e.g., term of loan or type of interest rate) and receiving the option adjusted spread and risk measure for each mortgage, from which the consumer may select the appropriate mortgage having the lowest option adjusted spread within his or her risk tolerance. These steps can be implemented by a computer which includes a central processing unit (CPU) and a computer code operatively associated with the CPU. The relative option adjusted spreads and risk measures of various debt instruments can be displayed on a visual display or used to automatically commence the financing of a mortgage.
Classes IPC ?
- G06Q 40/00 - FinanceAssuranceStratégies fiscalesTraitement des impôts sur les sociétés ou sur le revenu
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9.
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System and a method for determining whether to refinance a consumer debt instrument
Numéro d'application |
11387150 |
Numéro de brevet |
07707104 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2006-03-22 |
Date de la première publication |
2006-09-28 |
Date d'octroi |
2010-04-27 |
Propriétaire |
ICE DATA SERVICES, INC. (USA)
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Inventeur(s) |
- Kalotay, Andrew J.
- Yang, Deane
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Abrégé
A method and system for calculating an indicator which can be used for determining whether to refinance an outstanding debt instrument (such as a mortgage) with a new debt instrument (such as another mortgage), which includes the steps of (1) determining the change in the present value of the cash flows using a set of discount factors; (2) determining the change in option values using a probabilistic model of future discount factors; and (3) determining the indicator reflecting whether refinancing is probabilistically financially advisable by comparing the change in cash flow values with the change in option values. These steps can be implemented by a computer which includes a CPU and a computer code operatively associated with the CPU. The calculated indicator or its derivative, reflecting whether refinancing is probabilistically financially advisable, can be displayed on a visual display, communicated by an audio device or used to automatically commence refinancing.
Classes IPC ?
- G06Q 40/00 - FinanceAssuranceStratégies fiscalesTraitement des impôts sur les sociétés ou sur le revenu
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10.
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Method of and apparatus for administering an asset-backed security using coupled lattice efficiency analysis
Numéro d'application |
10309109 |
Numéro de brevet |
07574396 |
Statut |
Délivré - en vigueur |
Date de dépôt |
2002-12-04 |
Date de la première publication |
2003-06-05 |
Date d'octroi |
2009-08-11 |
Propriétaire |
ICE DATA SERVICES, INC. (USA)
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Inventeur(s) |
- Kalotay, Andrew J.
- Yang, Deane
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Abrégé
New tools for modeling prepayment of principal by obligors behind asset-backed securities are provided. The obligors are categorized into groups for ordered removal from the modeling and valuation process according to their refinancing efficiency, for instance. These tools can be used in a coupled-lattice recursive analysis process to obtain the value of asset-backed securities such as mortgage-backed securities and collateralized mortgage obligations.
Classes IPC ?
- G06Q 40/00 - FinanceAssuranceStratégies fiscalesTraitement des impôts sur les sociétés ou sur le revenu
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11.
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FUTURESOURCE
Numéro d'application |
002321263 |
Statut |
Enregistrée |
Date de dépôt |
2001-07-24 |
Date d'enregistrement |
2006-11-15 |
Propriétaire |
Ice Data Services, Inc. (USA)
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Classes de Nice ? |
09 - Appareils et instruments scientifiques et électriques
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Produits et services
Prerecorded computer programs for use in determining commodity price quotes.
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12.
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ESIGNAL
Numéro d'application |
102517800 |
Statut |
Enregistrée |
Date de dépôt |
1999-08-09 |
Date d'enregistrement |
2001-03-28 |
Propriétaire |
ICE Data Services, Inc. (USA)
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Classes de Nice ? |
- 36 - Services financiers, assurances et affaires immobilières
- 41 - Éducation, divertissements, activités sportives et culturelles
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Produits et services
(1) Financial market quotes; news, information, analysis and commentary all related to financial markets and investments; wagering odds; all provided via a global computer network.
(2) Sports news sports scores and sports information, all provided via a global computer network.
(3) News agencies namely, gathering news and disseminating news via a global computer network.
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13.
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ESIGNAL
Numéro d'application |
001270065 |
Statut |
Enregistrée |
Date de dépôt |
1999-08-06 |
Date d'enregistrement |
2001-07-09 |
Propriétaire |
Ice Data Services, Inc. (USA)
|
Classes de Nice ? |
- 36 - Services financiers, assurances et affaires immobilières
- 41 - Éducation, divertissements, activités sportives et culturelles
- 42 - Services scientifiques, technologiques et industriels, recherche et conception
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Produits et services
Financial market quotes; news, information, analysis, and commentary, all related to financial markets and investments; all provided via a global computer network. Sports news; sports scores; sports information; all provided via a global computer network; provision of wagering odds via a global computer network. Gathering news via a global computer network.
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14.
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ACTIVE PUSH
Numéro d'application |
088007000 |
Statut |
Enregistrée |
Date de dépôt |
1998-06-01 |
Date d'enregistrement |
2001-06-18 |
Propriétaire |
ICE Data Services, Inc. (USA)
|
Classes de Nice ? |
42 - Services scientifiques, technologiques et industriels, recherche et conception
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Produits et services
(1) Providing continuous and automatic updates to a user's investment portfolio while the user is connected to the applicant's server computer.
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15.
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POOL
Numéro de série |
75283656 |
Statut |
Enregistrée |
Date de dépôt |
1997-04-29 |
Date d'enregistrement |
1999-01-05 |
Propriétaire |
ICE DATA SERVICES, INC. ()
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Classes de Nice ? |
36 - Services financiers, assurances et affaires immobilières
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Produits et services
on-line database containing current and historical indicative data, factor information and prices on an individual or portfolio basis for fixed-rate mortgage-backed securities, adjustable-rate mortgage-backed securities, collaterized mortgage obligations, real estate mortgage conduits, whole loans, small business administration securities, US Treasuries, government securities, agency securities, corporate bonds, municipal bonds and equities
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16.
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QUOTREK
Numéro d'application |
074974700 |
Statut |
Enregistrée |
Date de dépôt |
1994-03-17 |
Date d'enregistrement |
1996-11-06 |
Propriétaire |
ICE Data Services, Inc. (USA)
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Classes de Nice ? |
- 36 - Services financiers, assurances et affaires immobilières
- 38 - Services de télécommunications
- 41 - Éducation, divertissements, activités sportives et culturelles
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Produits et services
(1) Electronic transmission of financial market quotes; news headlines; news alerts; sports information, and financial market information to subscribers.
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17.
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QUOTREK
Numéro de série |
74500627 |
Statut |
Enregistrée |
Date de dépôt |
1994-03-15 |
Date d'enregistrement |
1995-10-24 |
Propriétaire |
ICE DATA SERVICES, INC. ()
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Classes de Nice ? |
38 - Services de télécommunications
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Produits et services
electronic transmission of financial market quotes, news headlines, news alerts, sports information, and financial market information to subscribers
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18.
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FUTURESOURCE
Numéro d'application |
064441600 |
Statut |
Enregistrée |
Date de dépôt |
1989-11-01 |
Date d'enregistrement |
1992-01-10 |
Propriétaire |
ICE Data Services, Inc. (USA)
|
Classes de Nice ? |
- 09 - Appareils et instruments scientifiques et électriques
- 42 - Services scientifiques, technologiques et industriels, recherche et conception
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Produits et services
(1) Pre-recorded computer programs for use in determining commodity price quotes. (1) Leasing computer software for reading a datastream and database of price quotes to assist in evaluating options strategies and tracking options trades while working in a real time environment.
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19.
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BONDEDGE
Numéro de série |
73777713 |
Statut |
Enregistrée |
Date de dépôt |
1989-01-30 |
Date d'enregistrement |
1989-12-05 |
Propriétaire |
ICE DATA SERVICES, INC. ()
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Classes de Nice ? |
09 - Appareils et instruments scientifiques et électriques
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Produits et services
COMPUTER PROGRAMS AND INSTRUCTIONAL MANUALS SOLD AS A UNIT IN THE NATURE OF A DATABASE CONTAINING INFORMATION ON BONDS
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20.
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OPTIONSOURCE
Numéro de série |
73699499 |
Statut |
Enregistrée |
Date de dépôt |
1987-12-07 |
Date d'enregistrement |
1988-08-09 |
Propriétaire |
ICE DATA SERVICES, INC., Formerly Interactive Data Corporation ()
|
Classes de Nice ? |
42 - Services scientifiques, technologiques et industriels, recherche et conception
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Produits et services
LEASING COMPUTER SOFTWARE FOR READING A DATASTREAM AND DATABASE OF PRICE QUOTES TO ASSIST IN EVALUATING OPTIONS STRATEGIES AND TRACKING OPTIONS TRADES WHILE WORKING IN A REAL TIME ENVIRONMENT
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21.
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FUTURESOURCE
Numéro de série |
73463303 |
Statut |
Enregistrée |
Date de dépôt |
1984-01-30 |
Date d'enregistrement |
1985-06-25 |
Propriétaire |
ICE DATA SERVICES, INC. ()
|
Classes de Nice ? |
09 - Appareils et instruments scientifiques et électriques
|
Produits et services
PRE-RECORDED COMPUTER PROGRAMS FOR USE IN DETERMINING COMMODITY PRICE QUOTES
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|