The maximum of zero and the amount by which the daily average temperature exceeds 65 Fahrenheit. The average temperature is…

A temperature derivative in which the weather index buyer and the weather index seller agree to exchange payment obligations contingent...

A weather derivative (or a temperature derivative ) whose underlying asset is a specific temperature index, i.e. an index of...

A weather derivative that involves the purchase or sale of the right to trade the financial effects of weather changes....

A degree day swap that combines a call and put option with the same strike CDD and on the same...

A weather derivative (specifically a degree day option) that gives the holder the right, without the obligation, to trade (buy...

It stands for cooling degree days; a term that refers to the maximum of zero and the amount by which...

A weather derivative (originally introduced by US firm Enron Energy Corporation in 1997) that is used for hedging purposes, where...