Implied Probability
11.2%
Historical 9.1%
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AK
Investor demonstration environment — indicative data only. No orders are transmitted or executed.
ClimateWestern AustraliaTHEORI-CLM-WA-CY27
Western Australia Cyclone Disruption
Parametric protection against cyclone-related disruption to designated export and energy infrastructure.
Bid
12.7%
Provide capacity
Ask
13.4%
Buy protection
Spread
0.7 pts
Indicative market
Available Capacity
$18.6M
$72M listed
Maturity
30 Apr 2027
1 November 2026 – 30 April 2027
Market Spread
0.7 pts
Indicative bid–ask
Indicative Market History
Illustrative pricing movement over the preceding six weeks.
Current indicative yield
13.4%
Range 12.2%–14.0%
01 Jul25 Jul14 Aug
Simulated Order Book
Indicative capacity available by premium rate.
RateCapacity
14.2%$2.7M
14.0%$2.2M
13.8%$1.7M
13.6%$1.3M
13.4%$800K
Indicative spread0.7 pts
12.7%$950K
12.5%$1.4M
12.3%$1.9M
12.1%$2.3M
11.9%$2.9M
Recent Market Activity
Simulated transactions for demonstration.
| Time | Direction | Notional | Rate |
|---|---|---|---|
| 12:24:18 | Protection | $750K | 13.4% |
| 12:18:42 | Capacity | $1.2M | 12.7% |
| 12:07:11 | Protection | $500K | 13.3% |
| 11:56:35 | Capacity | $2M | 12.6% |
| 11:43:08 | Protection | $900K | 13.4% |
Related Markets
Comparable exposures within the current market or region.
Contract Timeline
Market Open
Indicative trading
Observation
1 November 2026 – 30 April 2027
Verification
Independent meteorological, port and infrastructure-status data
Settlement
30 Apr 2027