| Certificate | Aim | Definition |
| Dry Season Certificate (Cumulative Index in mm) | Payout when there is below average rainfall (mm) during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for every mm that the cumulative rainfall is below [Strike] mm up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] . The cumulative daily rainfall is defined as the rainfall 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. |
| CAT Put Certificate (Cumulative Daily Average Temperature Index) | Payout when there are below average CAT during the period. (Payout for cold periods.) | Under this Certificate, the Client will receive a fixed amount of [Payout] for every CAT that the CAT Index is below [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. |
| Low Snow Season Certificate (Cumulative Index in cm) | Payout when there is below average snowfall (cm) during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for every cm that the cumulative snowfall is below [Strike] cm up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] . The cumulative daily snowfall is defined as the snowfall measured by the independent national meteorological station. |
| Low Snow Season Certificate U.S. (Cumulative Index in inch) | Payout when there is below average snowfall (inch) during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for every inch that the cumulative snowfall is below [Strike] inch up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date] . The cumulative daily snowfall is defined as the snowfall measured by the independent national meteorological station. |
| Low Sunhours Season Certificate (Cumulative Index in h) | Payout when there is below average sunshine (h) during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for every h that the cumulative sunshine is below [Strike] h up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date]. The cumulative daily sunshine is defined as the sunhours measured by the independent national meteorological station. |
| Low Global Radiation Certificate (Cumulative Index in KWh/m²) | Payout when there is below average radiation (KWh/m²) during the period. | Under this Certificate, the Client will receive a fixed amount of [Payout] for every KWh/m² that the cumulative radiation is below [Strike] KWh/m² up to a maximum of [Maximum Payout] during the period from [Start Date] until [End Date]. The cumulative daily radiation is defined as the radiation measured by the independent national meteorological station. |