Participants

The Participants on weatherXchange® are as follows:

Protection Sellers

Protection Sellers are companies that sell weather risk protection. They may be Insurance/Reinsurance companies or specialist investment funds. Requests for prices can be sent automatically to one or more selected Protection Sellers through the weatherXchange® Platform. Protection Sellers can also be contacted directly by Hedgers to establish a direct dialogue.

Broker-Advisors

Hedgers on weatherXchange may require specialist advice related to weather risk hedging. While weatherXchange staff are available to help with technical questions related to using the Platform, they are not able to provide Investment Advice. Hedgers can however request the assistance of existing Broker-Advisor specialists in the field. The financial basis for the provision of this advice is negotiated between the Hedger and Broker-Advisor directly

Settlement Data Provider

Settlement Data is scientifically and objectively quality-controlled weather data where any missing data points are filled. Settlement Data for standard weather risk contracts that can be structured on the weatherXchange® Platform is provided by Speedwell Settlement Services Limited. This includes the underlying weather data relating to single-site indexes, baskets and gridded data. For more complex structures such as those which integrate commodity prices ("quantos"), the commodity price component is provided by specialist third parties.

Calculation Agent

Calculation Services offers key valuation metrics throughout the life of a weather protection contract as may be required by accounting standards. These are provided by Speedwell Calculation Services Limited.