The International Atomic Energy Agency (IAEA) uses the International Nuclear and Radiological Event Scale (INES) to classify the severity of nuclear and radioactive events. Details of the INES can be found HERE.

This market is the IAEA to upgrade the INES rating of the event at the Fukushima nuclear power plant in Japan. At the time this market was opened (14 Mar 2011) the INES rating of the event at the Fukushima nuclear power plant in Japan was a Level 4.

This contract will settle (expire) at 100 ($10.00) if the IAEA upgrade Fukushima to the INES level specified in the contract before the time and date specified in the contract.

The contract will settle (expire) at 0 ($0.00) if the IAEA no not upgrade Fukushima to the INES level specified in the contract before the time and date specified in the contract.

Expiry will be based on IAEA statements, as reported by the IAEA or three independent and reliable media sources.

For purposes of this contract, if the event is upgraded more than one level then the levels below will also be expired at 100. For example, if the event is upgraded to level 7 then the contracts for an upgrade to levels 5 and 6 will also be expired at 100.

Any changes to the result after the contract has expired will not be taken into account - Contract Rule 1.4

Due to the nature of this prediction market contract you are obligated to read Contract Rule 1.7 (Unforeseen Circumstances) and Contract Rule 1.8 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract or interpretation of these contract specific rules, related exchange news articles or exchange rules before you place an order to trade.

 

Any changes to the result after the contract has expired will not be taken into account - Contract Rule 1.4

Due to the nature of this prediction market contract you are obligated to read Contract Rule 1.7 (Unforeseen Circumstances) and Contract Rule 1.8 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.

Please contact the exchange by e-mailing help@intrade.com if you have any questions regarding this contract or interpretation of these contract specific rules, related exchange news articles or exchange rules before you place an order to trade.

The IAEA to upgrade the accident level of the Fukushima disaster
The IAEA to upgrade Fukushima to a Level 6 accident before midnight ET 31 Mar 2011
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FUKUSHIMA.MAR11.LEVEL.6


The IAEA to upgrade Fukushima to a Level 6 accident before midnight ET 31 Mar 2011

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Contract Info
Currency USD
Open Price 17.5
Life lo/hi 0.1 - 94.0
Expiry Price 0.0
Expiry Time 4/1/11
Total Volume 3281
Expiry Volume 1065
Market Lifetime: Mar 14 - Apr 1
BID ASK


There are no prices on expired contracts
The IAEA to upgrade Fukushima to a Level 6 accident before midnight ET 31 Mar 2011
Tick Size0.1Contract Start DateMar 14, 2011
Tick ValueUSD 0.01Max Contract Price100.0
USD per PointUSD 0.10Contract Type0-100
Min Contract Price0.0Event ID/Contract ID90786/747510