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US 8,478,684 B2Granted
Fuel offering and purchase management system
AssigneeGoldman, Sachs & Co.
InventorsMichael Kirch, Saurabh Sanghvi, Daniel Sharfman
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AssigneeGoldman, Sachs & Co.
InventorsMichael Kirch, Saurabh Sanghvi, Daniel Sharfman
Estimating the term…
The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. A customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator determines which metrics are relevant to pricing the fuel offering and then employs those determined metrics to establish the pricing of fuel offerings.
A computer processor-implemented method to generate fuel offerings for selection by customers, comprising:
A non-transitory computer-readable medium comprising instructions that, when executed by one or more computer processors, direct the one or more computer processors to:
A system for providing commodity offerings, comprising:
Dependencies are inferred from the claim text.