Implied Probability
14.1%
Historical 12.4%
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Market prices, positions, participants and transactions are simulated for demonstration purposes.
InfrastructureLuzonTHEORI-INF-PH-LZ-TY27
Luzon Typhoon Infrastructure Note
Parametric protection against severe typhoon disruption affecting designated energy, transport and communications infrastructure on Luzon.
Bid
13.0%
Provide capacity
Ask
13.8%
Buy protection
Spread
0.8 pts
Indicative market
Available Capacity
$12.3M
$49M listed
Maturity
30 Nov 2027
1 June 2027 – 30 November 2027
Market Spread
0.8 pts
Indicative bid–ask
Indicative Market History
Illustrative pricing movement over the preceding six weeks.
Current indicative yield
13.8%
Range 12.6%–14.4%
01 Jul25 Jul14 Aug
Simulated Order Book
Indicative capacity available by premium rate.
RateCapacity
14.6%$2.7M
14.4%$2.2M
14.2%$1.7M
14.0%$1.3M
13.8%$800K
Indicative spread0.8 pts
13.0%$950K
12.8%$1.4M
12.6%$1.9M
12.4%$2.3M
12.2%$2.9M
Recent Market Activity
Simulated transactions for demonstration.
| Time | Direction | Notional | Rate |
|---|---|---|---|
| 12:24:18 | Protection | $750K | 13.8% |
| 12:18:42 | Capacity | $1.2M | 13.0% |
| 12:07:11 | Protection | $500K | 13.7% |
| 11:56:35 | Capacity | $2M | 12.9% |
| 11:43:08 | Protection | $900K | 13.8% |
Related Markets
Comparable exposures within the current market or region.
Contract Timeline
Market Open
Indicative trading
Observation
1 June 2027 – 30 November 2027
Verification
Independent tropical-cyclone and infrastructure-status data
Settlement
30 Nov 2027