US Patent Issued to Chicago Mercantile Exchange on May 20 for "API framework for clearing non-deliverable interest rate swaps" (Illinois, New Jersey Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,523, issued on May 20, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"API framework for clearing non-deliverable interest rate swaps" was invented by Dhiraj Bawadhankar (Naperville, Ill.), Panagiotis Xythalis (Scotch Plains, N.J.), Jingbin Yin (Naperville, Ill.), Molang Dong (Jersey City, N.J.), Fateen Sharaby (Hoboken, N.J.), Romil Parekh (Northbrook, Ill.) and Jalpan Shah (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for pr...