| Certificate | Aim | Definition |
| Hot Day Certificate (Daily Average Temperature Index) | Payout when there are above average Hot Days during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for each Hot Day after [Strike] of such days up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] . A Hot Day is defined as a day on which the daily average temperature measured by the independent national meteorological station exceeds [Threshold] °C. |
| Heat Day Certificate (Daily Maximum Temperature Index) | Payout when there are above average Heat Days during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for each Heat Day after [Strike] of such days up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] . A Heat Day is defined as a day on which the daily maximum temperature measured by the independent national meteorological station exceeds [Threshold] °C. |
| CAT Call Certificate (Cumulative Daily Average Temperature Index) | Payout when there are above average CAT during the period. (Payout for warm periods.) | Under this Certificate, the Client will receive a fixed amount of [Payout] for every CAT that the CAT Index is above [Strike] CAT up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] .The CAT Index is defined as the sum of the daily average temperatures measured by the independent national meteorological station. |
| HDD Put Certificate (Daily Average Temperature Index) | Payout when there are below average HDD during the period. (Payout for warm periods.) | Under this Certificate, the Client will receive a fixed amount of [Payout] for every Heating Degree Day (HDD) below [Strike] up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] . HDD are calculated by adding up daily HDD measured by the independent national meteorological station. The daily HDD values are calculated as the difference between the [Threshold] °C and the daily average temperature where the daily average temperature is below the [Threshold] °C. |