International experience derivatives trading financial instruments
Experts estimate that global warming can affect about 70% of industries and markets, primarily weather-dependent sectors of the economy. In recent decades there have been many natural cataclysms, atypical for certain seasons temperature deviations have become the subject of heated discussions both among specialists and in the residential environment. It is obvious that companies of transport, energy, construction industries, utilities, agro-industrial complex, tourism are significantly affected by the whims of weather. An alternative to weather insurance is the purchase and sale of weather derivatives, which first appeared two decades ago in the American market. The purpose of the article is to study the modern international market of weather derivatives and assess the prospects for the development of the market of weather derivatives in Russia. It has been concluded that weather derivatives could be an effective tool for protecting companies from weather risks in a number of weather-dependent industries, but the introduction of such instruments, which have low speculative potential, is currently unlikely to generate strong demand for them for a number of objective reasons: Weak interest of investors in most instruments traded in the domestic urgent market, as well as low level of culture of application of financial instruments by companies of the real sector of the economy.