Settlement Data Provider
Settlement Data is weather data used to calculate the value of a weather index on which a Weather Protection Contract has been based. This Settlement Data is then used by the Calculation Agent to calculate the final value of any payout.
Speedwell Settlement Services Limited (SSS) is the provider of Settlement Data on the weatherXchange® Platform. SSS is registered as a benchmark administrator under EU benchmark regulations.
Settlement data can be requested on the weatherXchange® Platform as part of post-trade services. As execution does not currently happen on the weatherXchange® Platform, it is necessary to request Settlement Data separately.
Settlement Data is provided according to a Settlement Data Contract which defines the detail of the methodology used including which reporting convention is being used, methods for detecting gross errors, methods for addressing any missing days and the cycle on which the Settlement Data is provided and eventually "frozen".
|About Speedwell Settlement Services|
|Speedwell Settlement Services in Brief|
Additional information available on the Speedwell Settlement Services website.
Settlement Services provide the following:
- Settlement Contract
- Settlement Data feeds
- Alerts service notifying counterparties of any data problems
- A Settlement Certificate is issued confirming the value of the index at the end of the Contract Period
Speedwell Settlement Services Limited is registered in England number 10135203.
Its registered address is Mardall House, 9-11 Vaughan Road, Harpenden, Hertfordshire AL5 4HU
Speedwell Settlement Services Ltd is registered as a benchmark administrator under the EU benchmark regulation (Regulation (EU) 2016/1011)