On August 5, 2009, CME will begin clearing trades in the 2009 season for Hurricane Risk Landfall Options – HuRLOs™. This innovative new product is offered by Weather Risk Solutions, LLC (WRS).
HuRLOs are commodity options on whether and where on the U.S. Atlantic or Gulf coast a hurricane will make landfall first. For example, the Dec 09 W2FBW HuRLO is automatically exercised and pays to the buyer if the second storm of hurricane-strength following the HuRLO 2009 product launch makes landfall first in Broward County, Florida.
For more information about HuRLOs, please see the WRS website at:
Or contact WRS at: 888-8HURLOS (888-848-7567)
For more information about clearing and bookkeeping processing for HuRLOs, please contact CME Clearing at 312-207-2525.