Implied Probability
17.1%
Historical 16.4%
Command Palette
Search for a command to run...
AK
Investor demonstration environment — indicative data only. No orders are transmitted or executed.
WaterMurray–Darling BasinTHEORI-WTR-MDB-RD27
Murray–Darling Rainfall Deficit
Protection against materially below-normal rainfall across the Murray–Darling Basin.
Bid
7.4%
Provide capacity
Ask
7.9%
Buy protection
Spread
0.5 pts
Indicative market
Available Capacity
$7.1M
$23M listed
Maturity
30 Jun 2027
1 July 2026 – 30 June 2027
Market Spread
0.5 pts
Indicative bid–ask
Indicative Market History
Illustrative pricing movement over the preceding six weeks.
Current indicative yield
7.9%
Range 6.7%–8.5%
01 Jul25 Jul14 Aug
Simulated Order Book
Indicative capacity available by premium rate.
RateCapacity
8.7%$2.7M
8.5%$2.2M
8.3%$1.7M
8.1%$1.3M
7.9%$800K
Indicative spread0.5 pts
7.4%$950K
7.2%$1.4M
7.0%$1.9M
6.8%$2.3M
6.6%$2.9M
Recent Market Activity
Simulated transactions for demonstration.
| Time | Direction | Notional | Rate |
|---|---|---|---|
| 12:24:18 | Protection | $750K | 7.9% |
| 12:18:42 | Capacity | $1.2M | 7.4% |
| 12:07:11 | Protection | $500K | 7.8% |
| 11:56:35 | Capacity | $2M | 7.3% |
| 11:43:08 | Protection | $900K | 7.9% |
Related Markets
Comparable exposures within the current market or region.
Contract Timeline
Market Open
Indicative trading
Observation
1 July 2026 – 30 June 2027
Verification
Independent meteorological station and basin rainfall-index data
Settlement
30 Jun 2027