weatherXchange® Platform acts a free sales force for Protection Sellers.

When a protection buyer ("Hedger") has finished structuring a possible hedge, they may send an RFP directly to their chosen Protection Sellers. You will then be able to contact them directly and if necessary discuss their request or simply respond with a firm or indicative price.

The RFP is sent in weatherML format. This allows automatic decoding to allow optional automated responses. It is also possible to upload the Hedger’s structure on to your account on weatherXchange to facilitate easy discussion.

There is no charge for the client introduction or the use of the weatherXchange® Platform by Protection Sellers who may also want to send their own RFPs. However, it is necessary for Protection Sellers to have licenced the weather data necessary to respond to pricing requests from Hedgers.

There are no brokerage or messaging charges associated with trades on weatherXchange. However, a condition of being listed as a Protection Seller is that Protection Sellers request and pay for Speedwell Settlement Services for any deals originated on weatherXchange or arising from a relationship created by weatherXchange. Speedwell Settlement Services include the provision of Settlement Data, any Settlement Notifications and the final Settlement Certificate to all named "Permitted Counterparties", all provided as defined in the Settlement Data Contract. Such Permitted Counterparties will normally include the Hedger and any Broker-Advisor, if applicable.

Protection Sellers are eligible to join weatherXchange's marketing initiatives at trade shows and conferences.

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