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Asia-Pacific Seasonal Weather 
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The product is geared to average temperatures in degrees Celsius in a designated city in the Asian-Pacific accumulated in a customized “season” of five consecutive calendar months from May to September (Summer season) and November to March (Winter season). It provides a way to:

  • Protect revenues and manage risks related to unexpected or atypical weather
  • Accept the risk of unfavorable or atypical weather in exchange for possible profit


Learn How to Electronically Submit CME Group Weather Blocks at www.cmegroup.com/pivot

You can trade Asia Pacific monthly average temperature futures on 2 cities in Japan:

            Tokyo               Osaka

 

Things to know:

  • Contracts are geared to the Pacific Rim Index, which measures average daily temperatures
    • Based on the average hourly temperatures acumulated over a 24-hour period
  • Seasonal contracts reflect the average of daily average temperatures over the months covered by the contract.
    • Summer season contract covers: Jul, Aug, Sep
    • Winter season contract covers: Dec, Jan, Feb, Mar
    • Both contracts use same product code
  • First exchange-traded weather futures created for Asian markets
  • Traded in Japanese Yen
  • Traded electronically on the CME Globex platform
    • Accessible around the clock, around the world
    • Complete price transparency and anonymity
  • Each city has a distinct ticker code
  • Block trading available
  • CME Clearing clears and settles all trades and guarantees counterparty creditworthiness
    • Settlement is 2 business days following expiration
    • Cash-settled