Wednesday, Apr 15, 2009
Intrade has listed a market on the repayment by various financial institutions of funds received under the Troubled Assets Relief Program (TARP).
This market can be found under Business -- Financial Services.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the institution repays all funds received under TARP before midnight ET on the date specified in the contract.
A contract will settle (expire) at 0 ($0.00) if the institution does not repay all funds received under TARP before midnight ET on the date specified in the contract.
Expiry will be based on official announcements from the financial institution and/or the US Treasury, as reported by three independent and reliable media sources.
An offer to repay TARP funds will not be treated as repayment. The funds have to be actually repaid for a contract to be expired at 100.
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.