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Methods and apparatus for simulating competitive bidding yield

A value-marking and winning technology, applied in data processing applications, special data processing applications, instruments, etc., can solve problems such as loss

Inactive Publication Date: 2003-04-16
GE CAPITAL COMML FINANCE
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Of course, since the aim is to win each share at a price that bidders can earn in return, losing a share to grossly undervalued shares means losing an opportunity

Method used

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  • Methods and apparatus for simulating competitive bidding yield
  • Methods and apparatus for simulating competitive bidding yield
  • Methods and apparatus for simulating competitive bidding yield

Examples

Experimental program
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Embodiment Construction

[0024] FIG. 1 is a schematic diagram illustrating a known process of evaluating a large portfolio of assets 12 through an evaluation period until, for example, at an auction, a bid is made to purchase the asset portfolio 12. Figure 10 . Figure 1 is a high-level overview of a typical evaluation and extrapolation process 10 that is neither iterative nor automatic. in gesture Figure 10 In , an appraiser appraises 14 a number of individual assets in a portfolio 12 to generate a first appraised portion 16 and an untouched remainder 18 . Before any property is appraised, the first part 16 is zero percent of the property 12 and the remaining part 18 is one hundred percent. As the evaluation process progresses, the first part 16 increases and the remaining part 18 decreases. The stated goal is to evaluate as many assets as possible for the purchase of the portfolio prior to making an offer. The team of assessors continues to assess 14 individually until an offer is imminent. A ...

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PUM

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Abstract

A method of valuation of groups of assets (12) by partial full underwriting (14), partial sample underwriting (34) and inferred values (40) of the remainder using an iterative and adaptive statistical evaluation of all assets. Statistical inferences drawn from the evaluation are applied to generate the inferred values. The assets (12) are collected into a database (76), categorized, subdivided by ratings as to those variables and then rated individually. The assets are then regrouped according to a bidding grouping and a collective valuation is established. Simulated bid scenarios are examined for combinations of bid prices and a best bid price according to risk and return is determined.

Description

[0001] Related application citations [0002] This application claims the benefit of US Provisional Application No. 60 / 173947 (filed December 30, 1999), which is hereby incorporated by reference in its entirety. field of invention [0003] The present invention generally relates to methods of valuing financial instruments, and more particularly relates to rapid valuing of a large number of financial instruments. Background of the invention [0004] Substantial assets, such as loans, for example, ten thousand loans, or other financial instruments, are sometimes offered for sale as a result of economic conditions, planned or unplanned expropriation, or legal compensation. Thousands of business loans or other financial instruments, sometimes in the billions of dollars in assets, must be sold within months. Of course, sellers of assets want to optimize the value of the portfolio, sometimes grouping assets into "tranches." The term "share" as used herein is not limited to forei...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06F17/10G06F17/15G06F17/18G06F19/00G06Q40/00
CPCG06Q40/06G06Q40/00G06Q40/04G06Q30/08
Inventor R·P·梅斯默M·T·埃德加J·L·齐法雷利K·S·阿克贝C·D·约翰逊
Owner GE CAPITAL COMML FINANCE