Tuesday, Apr 27, 2010
Intrade has listed a market for Goldman Sachs agreeing to pay an SEC fine of more than US$25 million before the end of 2010.
This market can be found under Financial > Goldman Sachs.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if Goldman Sachs agree to pay an SEC fine of US$25 million or more before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) if Goldman Sachs do not agree to pay an SEC fine of US$25 million or more before midnight ET on the date specified in the contract.
Expiry will be based on official satements from the Secuirties and Exchange Commission (SEC) or Goldman Sachs, as reported by three independent and reliable media sources.
This contract will be expired at 100 when Goldman Sachs agree to pay the fine. The fine does not actually have to be paid for the contract to expire.
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 or uncertainty regarding this contract or interpretation of these contract specific rules, related exchange news articles or Exchange Rules before you place a trade.