Contract on US Economy going into Recession

Thursday, Jan 4, 2007

The Exchange has listed a contract on the United States economy going into recession during 2007. This contract can be found under Financial -- Economic Numbers -- US Economy in Recession.

This contract will expire at 100 if the United States economy goes into recession during 2007. The contract will expire at 0 if it does not.

For expiry purposes a recession is defined as two successive quarters of negative real economic growth. Expiry will be based on figures released by the United States Department of Commerce and reported in three independent and reliable media sources.

The contract will be expired once the 2007 fourth-quarter figures are released (may not be until 2008). If however the 2007 third-quarter figures show positive growth the contract will be expired at 0.

Due to the nature of this contract please also see Contract Rule 1.9 Unforeseen Circumstances.

Any changes to the result after the contract has expired will not be taken into account -Exchange Rule 1.4.

The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.

Please contact the exchange if you have any questions regarding this contract before you place a trade.