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

A financial instrument (derivative) which is used to reduce or transfer the risk associated with unfavorable or unexpected weather conditions....

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

A weather derivative that involves a nonfinancial or nonphysical asset, literally a weather index, and whereby one counterparty is committed to make...