FAQ
What is the minimum amount for a CelsiusPro certificate?
Standard certificates start from CHF 5000.-
When will I be paid out?
5 days after expiry of your certificate, we will inform you about the weather data measured at your specified weather station and will let you know how high your payout will be. The payout will automatically be wired to your account within 15 business days (if applicable).
How many days in advance do I need to buy my certificate?
• The certificate has to be purchased minimum 20 days prior to your specified start date of your certificate. New clients should be aware that certain formalities need to be completed in this timeframe as well (for details, please see ‘open account’ on our website).
• The premium has to be settled in our account minimum 15 days prior to start date of your certificate.
What security and guarantee do I have that CelsiusPro will pay out the amount I would be entitled to?
Certificates are hedged with our strategic partner, Swiss Re. Hence, the potential payout sum of our customers is always fully covered.
Can individuals also buy certificates?
Generally, everyone can buy our certificates once we have received and accepted all the account opening documentation required (please see ‘open account’ for details).
What if the weather data I measured is different from the weather station I specified in my contract?
CelsiusPro certificates are strictly linked to the weather data measured by the weather station specified in your contract. Privately measured or other weather data (including such of other weather stations) do not apply and cannot be taken into consideration.
What if there is no weather station in my area?
• Temperature related Certificates: temperature is usually homogeneous across a large area and regions, hence it is possible to also choose a weather station that is not in approximate closeness.
• Precipitation related Certificates: unlike with temperature, rain and snow fall can vary also between areas that are very close to each other.
What is ‚basis risk‘?
Basis risk describes the risk that the measurement results of your specified weather station could not match with the actual weather conditions residing in the area you would like to protect your financial risk against.
What is my maximal potential loss?
In the case that your pre-defined adverse weather conditions of your certificate do not occur, your business will be doing well due to good weather and your maximal loss will only be the premium you paid for your certificate.
What are minimum and maximum timelines for certificates?
• Generally, for most of our certificates the following regulations apply:
minimum 3 days, maximum 12 months with exception of HDD‘s and CAT’s.
• HDD and CAT:
minimum 1 month, maximum 7 months (always full months).
What is a weather derivative, i.e. certificate?
A weather derivative is an option based on underlyings such as temperature, precipitation, wind etc.
The weather data options are linked to is measured by independent national weather stations across Europe.
The parameters for weather derivates are usually:
Weather station, weather data (temperature, rain, snow), time frame (minimum 3 days, maximal 365 days), amount (e.g. x mm rain) payout conditions, maximum payout.
From when to when is weather data measured, i.e. what are the timelines?
Different national weather stations have different regulations on start and end time of daily weather data measurement. The start and end date are always included in the cover period.
How do I check the weather data linked to my certificate?
Via your user account (client login) you will be able to view the weather data measured by your specified weather station.
How do I become a client?
All account opening forms can be downloaded from our website. Once we received and accepted all completed and signed forms, you will be notified and welcomed as official CelsiusPro customer.
Can I return my certificate before expiry?
No, certificates are subject to the time frame defined by you in your contract and cannot be returned or refunded.
Can I sell my certificate to someone else?
No. Potential payouts will only be forwarded to the registered bank account of the original certificate holder and registered CelsiusPro customer.
By when do I need to pay in my premium?
Certificates have to be settled in our accounts minimum 15 days prior to your specified start date in order for them to be valid.
Who measures the weather data?
Independent national weather stations measure the weather data, to which the certificates are stictly linked to.
As of when is a certificate valid?
As soon as CelsiusPro has received and accepted all the required account opening documentation (for new customers) and the premium has been wired to our account. (Please note that the certificate has to be finalized a minimum of 20 days, and the premium settled with our account minimum 15 days prior to the certificate’s specified start date.
What kind of weather certificates do you have?
Please visit our homepage and click on the weather icons to receive a detailed overview of all our certificates related to heat, cold and precipitation.