North Korea Contracts

Wednesday, Oct 25, 2006

US MILITARY ACTION AGAINST NORTH KOREA


Contracts based on the possibility of US military action against North Korea are now open on the Exchange under Current Events --- North Korea.

The contract will expire at 100 if the United States conducts an overt military action against North Korea, either within or outside of North Korean territory, on or before 11:59:59pm ET on or before the date specified in the contract. The contract will expire at 0 if no overt military action is taken.

Any action must be officially and publicly announced by an official or agency of the United States government and reported in three independent and reputable media sources before the contract will be expired at 100.

Overt military action is defined as any military attack on North Korean military or civilian targets or infrastructure by United States naval, air or ground forces. This includes any defensive or retaliatory actions.

Covert action taken by US military or intelligence agencies that is not officially and publicly announced by an agency or official of the United States government and reported in three independent and reputable media sources will not be considered for expiry purposes.

Any military blockade undertaken by the United States against North Korea or any inspection of North Korean vessels conducted by the United States military will not be considered an overt military action.

If US forces are involved in a joint overt military action with armed forces from other countries the contract will expire at 100.

In the event of an action commencing before midnight on the expiration date, but not executed until after midnight that contract will be expired at 0 as actual military engagement must take place in order for an overt military action to have occurred.

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

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.