Climetrix opens database of weather-risk models. (Property/Casualty: Loss/Risk Management Notes).A new version of the Climetrix weather-derivatives trading and risk-management system includes an open-database design that allows users to import and model temperature, rain, snow, wind and other types of weather data for any location worldwide. Version 3.1 of the Climetrix system, recently released by Risk Management Solutions, includes advances in functionality that can benefit all types of participants in the weather market. With its new capabilities, Climetrix can be used by end-users or originators to structure and price a broad range of potential transactions. As the weather market expands, there is increasing interest in weather risk-management products among non energy firms whose risk is often not related to temperature. "This new version of Climetrix provides market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. with the flexibility to analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. transactions covering many different types of weather risk while tracking their complete portfolio risk in one integrated system," said Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Jewson Jewson is the largest chain of British general builders' merchants, selling to small building contractors and the general public. It was founded in 1836 in Huntingdonshire and now has over 400 branches across the country. , director of business development. This version of Climetrix also provides several other new features, including streamlined "one-click" analysis for rapid pricing with multiple, customizable models; an ability to directly define and model risk strategies, such as "straddles" and "strangles strangles an acute disease of horses caused by infection with Streptococcus equi subsp. equi, and characterized by fever, purulent rhinitis, pharyngitis, laryngitis, abscessation of the draining lymph nodes and cough. ," as well as uncapped weather-derivative contracts; and flexible reports allowing users to customize the risk metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. and risk breakdowns included in daily portfolio-valuation reports. Climetrix is an Internet-based application that provides integrated access to the data, pricing tools, and protfolio-management capabilities necessary for participation in the weather market. The application can be accessed at www.climetrix.com. Loss/Risk Management Notes is compiled by Senior Associate Editor Lynna Goch. |
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