weatherXchange® Platform introduces new Hedgers to Broker-Advisors.
When a Hedger has reached an initial possible hedge structure they may seek further advice. They can do this by contacting you. You will then be able to contact them directly and if necessary discuss their request. It is possible to upload the Hedger's structure on to your account on weatherXchange to facilitate easy discussion. Any charges for your services are discussed between you and the Hedger in the normal way.
There is no charge for the client introduction or the use of the weatherXchange® Platform by Broker-Advisors who may also want to send their own RFPs to Protection Sellers on behalf of their clients. However, it is necessary that Broker-Advisors have the appropriate weather data licences. Please contact us for more information.
There are three categories of Broker-Advisors:
- Full-Service Broker-Advisors: these have access to the underlying data and are able to advise fully on weather hedging in many locations worldwide. Full-Service Broker-Advisors are internationally based organisations with competence and regulatory permissions in multiple regions worldwide with extensive experience of structuring, advising and intermediating in the placing of index-based weather risk in a wide range of product types.
- Secondary Market Broker-Advisors: these are able to intermediate and advise on standardised energy market related sites available through the Speedwell-Market initiative. Click here for more information on the Speedwell-Market initiative
- Regional-Specialist Broker-Advisors: these are specialist brokers with regional experience and regulatory permissions who are able to advise on local needs in specific sectors such as construction or agriculture. They are assigned to specific geographies only.
It is necessary that Broker-Advisors have experience in the index-based weather risk market and are regulated by the relevant financial authorities.
Please contact us for more information.