Speedwell Settlement Services Ltd is the leading provider of meteorological Settlement Data for index-based weather risk contracts worldwide. For the past decade Speedwell has provided Settlement Data for both over-the-counter weather transactions as well as contracts listed on the Chicago Mercantile Exchange (CME). Our approach in providing this service is informed by our belief that Settlement Data is a form of financial market data. The ability to provide accurate, reliable, transparent, timely, and independent data is key for any weather transaction.
Speedwell Settlement Services Ltd is registered as a benchmark administrator under the EU benchmark regulation (Regulation (EU) 2016/1011)
Requesting Settlement Data
Settlement Data Request Form
Settlement Data is available for thousands of global surface stations, global gridded data, and for numerous meteorological variables and indices. The link above enables a user to request Settlement Data. Once a request is received a member of the Speedwell Settlement Services team will contact you with a quote for the service as well as the Settlement Data Specification for the particular project.
- Subscribers to Speedwell SuperPack® Premium are eligible to access Speedwell Standard Settlement Data free-of-charge. Eligibility of a particular settlement request will be reviewed upon submission.
- Custom settlement methodologies are supported by Speedwell Settlement Services upon request.
Settlement Data Pricing
Settlement services are available to all users. Pricing is dependent upon the type of meteorological data, the length of the risk period, and the size of the transaction.
Settlement Certificates
Settlement Certificates
Settlement Certificates represent the final deliverable of the Settlement Data process. Each certificate contains Final Settlement Data as produced per a given Settlement Data Specification. Settlement Data Specifications (example here) provide all details required for a given Settlement Job (data sources, location information, Settlement Data Methodology, data publication schedule). Settlement Certificates are produced per user request.