What is a weather certificate?

What is a weather certificate?
Some examples of certificates?
Weather Certificates are financial options. The purpose
of using weather certificates is to allow organizations to
insure themselves against fluctuations in weather. The
payout of a weather certificate is based on a weather
index which is derived from measurements at an official
weather station. The buyer of a weather certificate can
gain an amount as high as the contractual maximum
payout, with the loss limited to the full premium amount.
Heat Day Certificate (Daily Maximum Temperature Index)
Receive compensation when there are above
average Heat Days during a period.
Wind Day Certificate (Daily Index)
Under this Certificate, the Client will receive a fixed amount
for each Heat Day after a nominated number of such days up
to a maximum amount during a predefined period. A Heat Day
is defined as a day on which the daily maximum temperature
measured by the independent national meteorological station
exceeds and predefined temperature.
Under this Certificate, the Client will receive a fixed amount
for each Wind Day after a nominated number of such days
up to a maximum amount during the period defined. A Wind
Day is defined as a day on which the daily wind measured
by the independent national meteorological station
exceeds a threshold in m/s.
Rain Day Certificate (Daily index)
Receive compensation when there are above
average Rain Days during a period.
Open a test account at www.celsiuspro.com.au so as to
Your Advantages
✓P
rotect your business from volatile and adverse weather in
just a few clicks.
✓G
et paid automatically when bad weather occurs. No need
to file a claim.
✓ Weather Certificates are transparent and easy
✓W
e us data from official weather stations in Europe, NorthAmerica and Australia
Under this Certificate, the Client will receive a fixed amount
for each Rain Day after a nominated number of such days up
to a maximum during a predefined period of time. A Rain Day
is defined as a day on which the daily rainfall measured by
the independent national meterological station exceeds a
predefined amount in mm.
Rain Season Certificate (Cumulative Index in mm)
Receive compensation when there is above average
rainfall (mm) during a period.
Under this Certificate, the Client will receive a fixed amount
for every mm that the cumulative rainfall is above a predefined
threshold (mm) up to a maximum during a period of time. The
cumulative daily rainfall is defined as the rainfall measured by
the independent national meteorological station.
Receive compensation when there is above
average Wind Days during the period nominated.
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