Thursday, Jul 2, 2009
Intrade has listed a market for the next President of the European Commission. The current term ends at the end of this year and a new Presient will be selected, or the current President will continue in the job.
This market can be found under Politics -- European Politics.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the individual named in the contract becomes the next President of the European Commission.
A contract will settle (expire) at 0 ($0.00) if the individual named in the contract does not become the next President of the European Commission.
If the current President remains in the job for another term then his contract will expire at 100 and all others at 0.
Expiry will be based on who officially becomes the next President of the European Commission, as reported by three independent and reliable media sources.
This market is open for suggestions. If you would like to suggest a name please send an email to help@intrade.com. Suggestions will not be taken by Live Help or telephone.
This market is not linked for margining purposes. You will be margined individually on each position held - long or short.
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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