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 Definition of Weather derivative - Finance dictionary
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Weather derivative ((See Chapter 49 of the Vernimmen))
Designates a form of derivatives which is indexed on climate-related events, such as rain, temperatures or tempest. This can be used by corporates to hedge any abnormally-high exposure to these risks. Payments under the hedge would compensate for the loss of income (E.g. reduced grain output due to torrential rains in June).
Weather derivative ((See Chapter 49 of the Vernimmen))
Designates a form of derivatives which is indexed on climate-related events, such as rain, temperatures or tempest. This can be used by corporates to hedge any abnormally-high exposure to these risks. Payments under the hedge would compensate for the loss of income (E.g. reduced grain output due to torrential rains in June).
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Weather derivative ((See Chapter 49 of the Vernimmen))
Designates a form of derivatives which is indexed on climate-related events, such as rain, temperatures or tempest. This can be used by corporates to hedge any abnormally-high exposure to these risks. Payments under the hedge would compensate for the loss of income (E.g. reduced grain output due to torrential rains in June).
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