Indicative Yield
13.4%
Bid 12.7% · Ask 13.4%
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Investor demonstration environment — indicative data only.
THEORI-CLM-WA-CY27
Western Australia Cyclone Disruption
Parametric protection against cyclone-related disruption to designated export and energy infrastructure.
ClimateWestern AustraliaOpen
Implied Probability
11.2%
Historical frequency 9.1%
Total Notional
$72M
$18.6M available
Maturity
30 Apr 2027
1 November 2026 – 30 April 2027
Contract Definition
Objective terms governing observation and settlement.
Trigger
A named tropical cyclone causes a qualifying shutdown of designated infrastructure for at least 24 hours.
Geographic Scope
Western Australia
Observation Period
1 November 2026 – 30 April 2027
Data Source
Independent meteorological, port and infrastructure-status data
Indicative Market History
Illustrative yield and probability movements.
Historical pricing chart workstream pending
Settlement
Cash settlement after cyclone classification and operational disruption are independently verified.
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.