Implied Probability
18.2%
Historical 14.8%
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Parametric protection against an extended extreme-heat event affecting Queensland energy demand and infrastructure.
Bid
9.9%
Provide capacity
Ask
10.4%
Buy protection
Spread
0.5 pts
Indicative market
Implied Probability
18.2%
Historical 14.8%
Available Capacity
$11.5M
$42M listed
Maturity
31 Mar 2027
1 December 2026 – 31 March 2027
Market Spread
0.5 pts
Indicative bid–ask
Illustrative pricing movement over the preceding six weeks.
Current indicative yield
10.4%
Range 9.2%–11.0%
Indicative capacity available by premium rate.
Simulated transactions for demonstration.
| Time | Direction | Notional | Rate |
|---|---|---|---|
| 12:24:18 | Protection | $750K | 10.4% |
| 12:18:42 | Capacity | $1.2M | 9.9% |
| 12:07:11 | Protection | $500K | 10.3% |
| 11:56:35 | Capacity | $2M | 9.8% |
| 11:43:08 | Protection | $900K | 10.4% |
Comparable exposures within the current market or region.
Market Open
Indicative trading
Observation
1 December 2026 – 31 March 2027
Verification
Independent meteorological observation data
Settlement
31 Mar 2027