This contract will settle (expire) at 100 ($10.00) if China conducts overt military action against Taiwan, either inside or outside of Taiwanese territory, before 11:59:59pm ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if China DOES NOT conduct overt military action against Taiwan, either inside or outside of Taiwanese territory, before 11:59:59pm ET on the date specified in the contract.
Expiry will be based on official public announcements from an interested government (including, but not limited to, China, Taiwan, Japan, United States,) as reported in three independent and reliable media sources.
Overt military action is defined as any military attack on Taiwanese military or civilian targets or infrastructure by Chinese naval, air or ground forces. This includes any defensive or retaliatory actions.
Covert action taken by Chinese military or intelligence agencies that is not officially and publicly announced and reported in three independent and reliable media sources will not be considered for expiry purposes.
Any military blockade undertaken by China against Taiwan or any inspection of Taiwanese vessels conducted by the Chinese military will not be considered an overt military action.
In the event of an action being launched before midnight on the expiration date, but not executed until after midnight that contract will be expired at 0 as actual military engagement must take place in order for an overt military action to have occurred.
Due to the nature of this contract please also see Contract Rule 1.7 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.
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China to conduct overt military action against Taiwan on/before 31st Dec 2010
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