Structure Type
CDD Collar
seasonal strip
Expected Loss
$2.8m
illustrative
Attachment
110%
of climatology
Limit
$12m
annual aggregate
Pricing Engine
Trigger Design
Index based on population-weighted daily CDD across five metro stations.
Settlement Logic
Monthly accrual with seasonal aggregate cap and mid-strip true-up.
Scenario Set
Base, warm bias, El Nino analog, and grid stress overlays.
Risk Output
Expected loss, attachment probability, exhaustion probability, and stress spread.
Quote Controls
Measurement window
Jun 1 - Sep 30
Reference basket
Dallas, Houston, Austin, San Antonio, Corpus Christi
Model blend
Observed climatology, analog resampling, and bias-corrected forecast surfaces