The total of degree days occurring over the period of a weather derivative. The cumulative figure is multiplied by the amount of the tick to give the payout for the period, subject to the strike being breached but not exceeding any cap.
The Rantings of the barely human.
The total of degree days occurring over the period of a weather derivative. The cumulative figure is multiplied by the amount of the tick to give the payout for the period, subject to the strike being breached but not exceeding any cap.