WO2008124789A3 - Fuel offering and purchase management system - Google Patents

Fuel offering and purchase management system Download PDF

Info

Publication number
WO2008124789A3
WO2008124789A3 PCT/US2008/059790 US2008059790W WO2008124789A3 WO 2008124789 A3 WO2008124789 A3 WO 2008124789A3 US 2008059790 W US2008059790 W US 2008059790W WO 2008124789 A3 WO2008124789 A3 WO 2008124789A3
Authority
WO
WIPO (PCT)
Prior art keywords
fuel
offer
price
generator
offenng
Prior art date
Application number
PCT/US2008/059790
Other languages
French (fr)
Other versions
WO2008124789A2 (en
Inventor
Michael Kirch
Daniel Sharfman
Saurabh H Sanghvi
Original Assignee
Goldman Sachs & Co
Michael Kirch
Daniel Sharfman
Saurabh H Sanghvi
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
Priority claimed from US11/733,178 external-priority patent/US8121930B2/en
Priority claimed from US11/733,200 external-priority patent/US8108287B2/en
Application filed by Goldman Sachs & Co, Michael Kirch, Daniel Sharfman, Saurabh H Sanghvi filed Critical Goldman Sachs & Co
Publication of WO2008124789A2 publication Critical patent/WO2008124789A2/en
Publication of WO2008124789A3 publication Critical patent/WO2008124789A3/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

Abstract

Apparatuses, systems and methods that facilitate pricing, sales and delivery of a commodity fuel to a Customer. The disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings which allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy fuel offers such that they may later exercise the offers locking-in their fuel costs (e.g., may be strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offenng order at a specified price and redeem any difference between the market price for purchased fuel and price specified in their fuel offenng order.
PCT/US2008/059790 2007-04-09 2008-04-09 Fuel offering and purchase management system WO2008124789A2 (en)

Applications Claiming Priority (18)

Application Number Priority Date Filing Date Title
US91081607P 2007-04-09 2007-04-09
US11/733,178 US8121930B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,200 US8108287B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,193 2007-04-09
US60/910,816 2007-04-09
US11/733,198 2007-04-09
US11/733,191 2007-04-09
US11/733,197 2007-04-09
US11/733,193 US8108285B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,199 US8108286B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,198 US8121932B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,192 US8326731B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,197 US8121931B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,192 2007-04-09
US11/733,199 2007-04-09
US11/733,200 2007-04-09
US11/733,191 US8311928B2 (en) 2007-04-09 2007-04-09 Fuel offering and purchase management system
US11/733,178 2007-04-09

Publications (2)

Publication Number Publication Date
WO2008124789A2 WO2008124789A2 (en) 2008-10-16
WO2008124789A3 true WO2008124789A3 (en) 2009-03-05

Family

ID=39831575

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2008/059790 WO2008124789A2 (en) 2007-04-09 2008-04-09 Fuel offering and purchase management system

Country Status (1)

Country Link
WO (1) WO2008124789A2 (en)

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6321984B1 (en) * 1997-02-25 2001-11-27 Dresser Equipment Group, Inc. Adjustable price fuel dispensing system
US20020029171A1 (en) * 2000-03-15 2002-03-07 Rodney Senior Electronic quantity purchasing system
US20020052793A1 (en) * 2000-11-02 2002-05-02 David Dines Sales transactions for transfer of commodities
US7065475B1 (en) * 2000-10-31 2006-06-20 Goldman Sachs & Co. Modeling option price dynamics
US20060293947A1 (en) * 2005-06-22 2006-12-28 Nicholson G Randy System and method for discounting fuel

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6321984B1 (en) * 1997-02-25 2001-11-27 Dresser Equipment Group, Inc. Adjustable price fuel dispensing system
US20020029171A1 (en) * 2000-03-15 2002-03-07 Rodney Senior Electronic quantity purchasing system
US7065475B1 (en) * 2000-10-31 2006-06-20 Goldman Sachs & Co. Modeling option price dynamics
US20020052793A1 (en) * 2000-11-02 2002-05-02 David Dines Sales transactions for transfer of commodities
US20060293947A1 (en) * 2005-06-22 2006-12-28 Nicholson G Randy System and method for discounting fuel

Also Published As

Publication number Publication date
WO2008124789A2 (en) 2008-10-16

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