Spreadsheet: mark_taylor__24728__ClickInTradingProducts
Sheet: Weather

Weather
Short Description Boxes for Weather: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | FOR OPTIONS
Weather |  | Transaction Type Underlying |  | Reference Basis |  | Transaction Reference Unit |  | Location & Station Ref. # |  | Term |  | Year |  | Payout per Transaction Unit |  | Maximum Payout Limit |  | Currency |  | Option Strike in Transaction Units
Swap |  | HDD |  | 65 |  | F |  | London Heathrow IWMO 37720 |  | Q1 |  | 1999 |  | 2500 |  | 500000 |  | USD
Call Option |  | CDD |  | 18 |  | C |  | Oslo NMO 18700 |  | Q2 |  | 2000 |  |  |  |  |  | EUR
Put Option |  | Precipitation |  |  |  | [NAME] |  |  |  | Q3 |  |  |  |  |  |  |  | GBP
 |  |  |  |  |  |  |  |  |  | Q4
 |  |  |  |  |  |  |  |  |  | Month (Jan - Dec)
 |  |  |  |  |  |  |  |  |  | Month/Yr  - Month/Yr
Note: | 1. Bid and [NAME] can be either on a Premium or a Stike => on the price screen it should be specified whether it is a Strike or a Premium.
Long Descriptions
Instrument Type
 | Swap |  | An agreement whereby a floating level of transaction unit is exchanged  for a fixed level of transaction unit
 | Call Option
 | Put Option
Underlying Climatic Condition
 | Temperature |  | average daily temperature, quoted in oC and calculated as (daily [NAME] daily min)/2,
 | Precipitation |  | average daily amount in mm/day, where the day is defined as above
 |  |  | Full clarification to follow
 | Snow |  | Depth of snow in cm taken at 0900 daily, or as required
 | Wind |  | Average daily wind speed in m/sec, calculated from the 24 measurements taken hourly each day
 | Cloud cover |  | Average daily amount in oktas, calculated from the 24 hourly measurements taken each day
 | Oktas |  | Each okta represents one eighth of the sky covered by clouds. This measurement is taken from ground level.
 | Sunlight hours |  | total hours per day of sunshine
 | Humidity |  | Average percentage moisture content in the air
 | Perceived temperature |  | Full clarification to follow
Term | Q1 | a period from 00:00 a.m. hours 1st January to 00:00 a.m. hours 1st April
 | Q2 | a period from 00:00 a.m. hours 1st April to 00:00 a.m. hours 1st July
 | Q3 | a period from 00:00 a.m. hours 1st July to 00:00 a.m. hours 1st October
 | Q4 | a period from 00:00 a.m. hours 1st October to 00:00 a.m. hours 1st January
 | Day | a 24 hour period starting at 00:00 a.m. on a calendar day in local time
 | Month | a period from 00:00 a.m. hours 1st calendar day of the month to 00:00 a.m. hours last calendar day of that month
 | Period start - end | a period from 00:00 a.m. hours on the Starting Date to 00:00 a.m. hours on the Ending Date of the period
Location
 | London Heathrow IWMO 37720 |  | [NAME] weather station identification number listed according to the World Meteorological Organisation (WMO) under number 37720
 | Oslo NMO 18700 |  | Oslo weather station identification number listed according to the Nordic Meteorological Organisation (NMO) under number 18700
Transaction Units
 | HDD | cumulative number of heating degree days (HDD) over the term of the contract. One HDD is defined as the reference base temperature minus the average daily temperature, only when this is a positive number
 | CDD | Cumulative number of cooling degree days (CDD) over the term of the contract. One CDD is defined as the average daily temperature minus the reference base temperature, only when this is a positive number
Currency | USD | United States Dollars
 | GBP | Pounds Sterling
 | EUR | EUROs
Examples:
Short Description |  | HDD Swap, 18C [NAME], at London Heathrow IWMO 37720, Q1-00, Payout 2,500 GBP per DD, Maximum Payout 500,000 GBP
Long Description: