US Patent Issued to Chicago Mercantile Exchange on Dec. 23 for "Minimization of the consumption of data processing resources in an electronic transaction processing system via deferral of physical delivery" (Illinois Inventors)

ALEXANDRIA, Va., Dec. 23 -- United States Patent no. 12,505,483, issued on Dec. 23, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Minimization of the consumption of data processing resources in an electronic transaction processing system via deferral of physical delivery" was invented by Florian Huchede (Chicago) and Xinrui Wang (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to automated enablement of deferred physical delivery of an asset, for which physical delivery is called for in a bilateral contract, by automatically settling the bilateral contract among the parties thereto with positions in specifically tailored futures contracts with a defined ...