The maximum of zero or the amount by which the daily average temperature falls below 65 Fahrenheit (or 19 0...

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

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

It stands for heating degree days swap; a degree day swap that combines a call and put option with the...

It stands for heating degree days, a term that refers to the maximum of zero or the amount by which...