This contract will settle (expire) at 100 ($10.00) if there is an official announcement from the World Bank on or before 11:59:59pm ET on the date specified in the contract reporting the resignation, retirement or departure of Paul Wolfowitz as President of the World Bank..
The contract will settle (expire) at 0 ($0.00) if there is no such announcement.
Expiry will be based on official public announcements from the World Bank and as reported by three independent and reliable media sources.
A resignation does not have to result in the actual departure by the contract expiry date but rather the announcement of the the resignation must be made and accepted by the date specified in the contract.
A tendered resignation that is not accepted will cause the contract to expire at 0
A resignation, retirement or departure may be ‘forced’ or ‘voluntary’.
Due to the nature of this contract please also see Contract Rule 1.9 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account – Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.
Important:
Please contact the Exchange if you have any query or uncertainty (including how it may be settled) about this Contract, the Rule above or the Contract Rules before you trade.
The assassination of World Bank’s Paul Wolfowitz would be a “departure”, right??
I’m making this remark because, in some political contracts, TradeSports-Intrade is careful to exclude assassination as possible expiry cause. The idea is to hedge against some traders/speculators being tempted into “acting” to guarantee profits —and against the anti-market commentators bashing this Irish prediction exchange for ethical reasons. (Remember DARPA’S PAM??)
