US Patent 7908195 System for calculating model option settlement prices

A computer implemented system for calculating a cash settlement price for a Model Option Contract, an option contract that confers a contractual right that enables the option holder to force delivery of a cash settlement price that is determined by using a settlement price determination methodology that is specified in the option contract which includes a description of an option pricing model and the input values that will be used to run the option pricing model and determine the contract's cash settlement price.