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. price up a few examples and register on the site to get free Monthly Weather Forecasts.
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