do you know what \"cooling degree day\" is?

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Q: do you know what "cooling degree day" is?

Category: glossary , Asked by: Noemi S. From United States

A: the "cooling degree day " is The number of degrees that a day's average temperature is above 65o Fahrenheit and people start to use air conditioning to cool their buildings. The price of weather derivatives trading in the summer are based on an index made up of monthly cooling degree day (CDD) values. The settlement price for a weather futures contract is calculated by summing a month's CDD values and multiplying by $20. To calculate the CDD, take the average of a day's high and low and subtract 65. For example, if the day's average temperature is 80oF, its CDD is 15. If everyday in a 30 day month had an average temperature of 80oF, the month's CDD value would be 450 (15 x 30). The nominal settlement value for its month's weather derivative contract would therefore be $9,000 (450 x $20). Visit Forex Club

Q: do you know what a "probate" is?
Category: glossary , Asked by: M. S. From Colorado Springs, United States

A: The legal procedure by which a will is authenticated and which confirms the authority of the executors to administer its contents.
Q: Do you know any forex site that has a reliable server connection that you can recommend for me?
Category: technical , Asked by: L. F. From Ann Arbor, United States

A: We think "ForexWebTrader" is the right place for you - people often praise to us that they are satisfied when trying to sign in to the server. The communication with the server is always intact. You will see non of many of the habitual problems you usually handle surfing different servers, and it's no trouble at all to use the environment.
Q: what is a "negatively amortizing loan"?
Category: glossary , Asked by: Baylee Q. From Linz, Austria

A: A loan with a payment structure that allows for a scheduled payment to be made where it is less than the interest charge on the loan at the time the scheduled payment is made. When a payment is made which is less than the interest charge at the time, deferred interest is created. The amount of deferred interest created is added to the principal balance of the loan, leading to a situation where the principal owed increases over time instead of decreases. For example, consider a loan with an 8% annual interest rate, a remaining principal balance of $100,000, and a provision that allows the borrower to make $500 payments at a certain number of scheduled payment dates. The interest due on the loan at the next scheduled payment would be: 0.08 / 12 x 100,000 = $666.67. If the borrower makes a $500 payment, $166.67 in deferred interest ($666.67 - $500) will be added to the principal balance of the loan for a total remaining principal balance of $100,166.67. The next month

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Q: do you know what "cooling degree day" is?

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