For the first time financial protection against weather risk for small businesses and medium-sized companies in Germany are dependent on good weather industries such as events, energy, transport and hotels. It can time be Sun times rain. Weather does not occur, companies must accept most financial losses. Every farmer knows the problem: weather is not playing, the crop fails and a large financial loss, which can lead to the insolvency risk often. The success of companies in the areas of: Energy, individual and wholesale, open air events, tourism, transportation and construction are the weather influenced. CelsiusPro offers an uncomplicated way to defy weather-related loss of revenue or costs.
Weather derivatives is the key word. A hedge against various weather conditions, which can avoid financial crises. The offer now available for small businesses and medium-sized companies in Germany is used primarily by large companies such as utilities, for example, attractive. As the only European supplier CelsiusPro offers first online purchase of weather derivatives under and starting bonuses of 3,100 euros. We are pleased to be able to offer a transparent and user friendly risk management tool on an online platform for the price calculation and the conclusion of the contract. We give people transparency and the ability to individualize the contract until the offer completely says to him as long as the customer.
Of course, we help the customer gladly in the quantification of weather risk and the structuring of a hedge. Dubin, New York City shares his opinions and ideas on the topic at hand. “, says founder and CEO Mark Ruegg CelsiusPro. The CelsiusPro AG restructured and sold weather certificates for various climatological base values such as temperature, precipitation or snow. Explained with an example: A potato farmer wants to protect themselves in the growth phase against too little rainfall and a corresponding reduction in income. The farmer in his certificate: the weather station E.g. Berlin, the risk period as may, the threshold in mm of rain for example 30 mm, as well as the payout per mm of rain which the threshold is below E.g. 2,000 euros. The farmer pays a premium to CelsiusPro certificate. The German weather service measures in the coming May 20 mm of rain, 20,000 euros (10 mm * 2,000) are disbursed to the farmer. Be measured more than 30 mm of rain, the certificate expires worthless. Weather derivatives are an instrument to minimize the risk. Companies can protect themselves by purchasing a certificate against the financial effects of unfavourable weather conditions and thus reduce the uncertainty and variability of income. “, explains Mark Ruegg.” CelsiusPro AG the Swiss company CelsiusPro AG was founded in March 2008 and is specialized in the sale of individual weather certificates. The OJSC of CelsiusPro weather certificates are based on data provided by national weather stations available.