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

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

A weather derivative combination that is mainly used in fuel cost risk management to limit fuel cost exposure to a...

It stands for degree day option; a weather derivative that is used to minimize weather risk by providing a one-sided...

A weather derivative that is used to minimize weather risk by providing a one-sided hedge on the downside while maintaining...

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...

An abbreviation for growing degree days; a measure that is used in weather derivatives. By definition, it is the degrees...

A weather derivative that is principally used to transfer risk associated with adverse weather events. It is an index-based futures...

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