- published: 05 Mar 2013
- views: 128341993
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions. The difference from other derivatives is that the underlying asset (rain/temperature/snow) has no direct value to price the weather derivative. See Exotic derivatives.
Farmers can use weather derivatives to hedge against poor harvests caused by drought or frost; theme parks may want to insure against rainy weekends during peak summer seasons; and gas and power companies may use heating degree days (HDD) or cooling degree days (CDD) contracts to smooth earnings. A sports event managing company may wish to hedge the loss by entering into a weather derivative contract because if it rains the day of the sporting event, fewer tickets will be sold.
Heating degree days are one of the most common types of weather derivative. Typical terms for an HDD contract could be: for the November to March period, for each day where the temperature rises above 18 degrees Celsius keep a cumulative count of the difference between 18 degrees and the average daily temperature. Depending upon whether the option is a put option or a call option, pay out a set amount per heating degree day that the actual count differs from the strike.
The Neighbourhood - Sweater Weather
The Neighbourhood - #icanteven ft. French Montana
Premier - Sweater Weather (The Neighbourhood Cover)
Sweater Weather TAG!!!
Sweater Weather - The Neighbourhood Cover
[MMD] Sweater Weather - Yandere Simulator
Verse
Ive been hiding
Ive been writing
The same songs in notebooks used to fuel the fires Im writing
Ive been singing
Ive been sinking
Between the molecules of drinks that Ive been drinking
Ive been dreaming
Ive been keeping
My secrets safe inside my body while Im sleeping
Prechorus
She leans in close, starts whispering
I wish I could fly, please lend me your wings
Chorus
I hate the spring and all its storms
I think the summers far too warm
Just give me autumn and a mild winter
Im talking sweater weather, I long for sweater weather
Verse
Ive been driving
Ive been finding
The folks who mean the most are the ones who wont stop lying
Ive been sleeping
Ive been piecing
Together pieces of the life that Ive been leading
Ive been stopped up
Ive been locked up
Inside my head with all the things I swore to not touch
Prechorus
Chorus
Bridge
For a moment I thought that something was there
Apprehensive, calm-faced by I was so scared
Dont you see this, this is why we cant follow our hearts
Id never want this, but Ive been a strain from the start
Thursday morning and the suns barely shone
People swarming to tear the meat from my bones
Dont you see this, this is why we cant follow our hearts
Id never want this but Ive been a strain from the start
Who told you love was born in boys arms
Who told you love was born in the backseats of parked cars
Who told you love was measured out in sparks
Who told you love would keep you safe and keep you out of harm?
Prechorus