Thursday, Mar 13, 2008
The Exchange has listed a contract on the Global Average Temperature for 2008 being among the top five warmest years on record. This contract can be found under Climate and Weather - Global Global Temperatures.
This contract will settle (expire) at 100 ($10.00) if the Global Average Temperature for 2008 is among the five warmest years on record.
The contract will settle (expire) at 0 ($0.00) if the Global Average Temperature for 2008 is NOT among the five warmest years on record.
Expiry will be based on the data published by the NASA Goddard Institute for Space Studies. Further details can be found here.
The contract will be expired once the information required for expiry is available. The contract may therefore remain open into 2009.
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 email@example.com if you have any questions regarding this contract before you place a trade.