National Leader Departure Markets: Iran, Iraq, Pakistan, Zimbabwe, Ireland, Venezuela

Friday, Jul 20, 2007

The Exchange has listed a number of contracts on the departure of various national leaders from their current positions. These can be found under Current Events -- National Leaders.

We have contracts listed on:

A contract will settle (expire) at 100 ($10.00) if the named individual departs from their current position, as noted in contract description, before 11:59:59pm ET on the date specified in the contract.

The contract will settle (expire) at 0 ($0.00) if the named individual remains their current position at this time.

A departure includes (but is not limited to):
These contracts do not cover the death of the person named in the contract. In the event of the named person's death before the expiry date of the contract the contract will be unwound, all trades reversed and all trading fees refunded

A resignation or retirement does not have to result in the actual departure by the contract expiry date but rather the announcement of the resignation or retirement must be made and not rejected by that time/date.

A tendered resignation that is not accepted will cause the contract to expire at 0

A departure may be 'forced' or 'voluntary'.

Expiry will be based on official, public announcements as reported and verified in three independent and reliable media sources.

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.