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Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract

NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennai’s Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it complements the RAINMUMBAI contract, providing a complete monsoon risk management cycle from June through December.

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Economic TimesLean R·1h ago
Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract
NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennai’s Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it complements the RAINMUMBAI contract, providing a complete monsoon risk management cycle from June through December.
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Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract

How 1 sources are covering this

Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract

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