Queensland Heatwave Protection

Parametric protection against an extended extreme-heat event affecting Queensland energy demand and infrastructure.

ClimateQueenslandOpen

Indicative Yield

10.4%

Bid 9.9% · Ask 10.4%

Implied Probability

18.2%

Historical frequency 14.8%

Total Notional

$42M

$11.5M available

Maturity

31 Mar 2027

1 December 2026 – 31 March 2027

Contract Definition

Objective terms governing observation and settlement.

Trigger

Brisbane Airport records a maximum temperature of at least 38°C on five consecutive calendar days.

Geographic Scope

Queensland

Observation Period

1 December 2026 – 31 March 2027

Data Source

Independent meteorological observation data

Indicative Market History

Illustrative yield and probability movements.

Historical pricing chart workstream pending

Settlement

Automatic cash settlement following confirmation of the qualifying trigger.

AI Risk Brief

Current pricing reflects elevated seasonal uncertainty

The current indicative premium is above the historical event frequency, reflecting recent forecast conditions, elevated energy-market sensitivity and constrained available capacity.