| 摘要 |
The invention titled the "Base Line Futures Contract", (BLC) is a method of doing business enabling the trading of Futures Contracts for non-fungible properties. Unlike the traditional Futures Contract that trades specific fungible property and typically calls for physical delivery, the invention instead trades only the referent property's change in value. Through the use of an algorithm the invention establishes a "Base Line" price from which price movements are calculated. The algorithm determines the contract's opening price and contracts not otherwise settled at expiration of the contract cash settle at a price determined by the algorithm. The invention is intended to be traded on a public Futures Exchange and gives companies whose assets are non-fungible and speculators a tool with which to capture price movements as well as a way to hedge against a non-fungible asset's change in value.
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