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Tip: Buy if you think it's going to happen, sell if you don't!Disclaimer
|Available to spend:|
|Money currently invested:|
|Market linked for margining:||No||Margin is calculated individually for this market|
|Min price:||$0.00 / share ≈ 0.0%|
|Max price:||$10.00 / share ≈ 100.0%|
|Expiry value:||$0.00 / share ≈ 0.0%|
|Expiry time:||Dec 20, 2012 17:38 GMT|
|Expiry volume:||2793 shares||Also called Open Interest|
|Open price:||$3.60 / share ≈ 36.0%|
|Life low:||$0.01 / share ≈ 0.1%|
|Life high:||$6.50 / share ≈ 65.0%|
|Total volume:||16,350 shares|
Before entering any orders to trade this contract please ensure you read have and understood this DISCLAIMER.
This market will settle $10.00 if the United States economy goes into recession during the specified year.
The market will settle $0.00 if the United States economy DOES NOT go into recession during the specified year.
For settlement purposes a recession is defined as two successive quarters of negative real GDP growth.
Settlement will be based on the data reported by the U.S. Department of Commerce (Bureau of Economic Analysis, Table 1.1.1, "Percent Change From Preceding Period in Real Gross Domestic Product") as reported by the BEA. Final GDP figures will be used for expiry - not the advance or preliminary numbers.
If the table indicates that any two consecutive quarters between (and including) Q4 of the previous year and Q4 of the specified year are negative, the market will be settled at $10.00. For example, if Q4 of 2012 and Q1 of 2013 both experience negative growth then the market for a recession in 2013 will be settled at $10.00.
If the economy is already in recession at the start of the specified year then the market will be settled at $10.00 if there are two consecutive quarters of negative growth during that year (i.e Q1 to Q4 of that year).
Any changes to the result after the market has expired will not be taken into account (Rule 3).
Due to the nature of this market you are obligated to read Rule 4 (Unforeseen Circumstances) and Rule 5 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.
Please contact our Customer Support if you have any questions regarding this market or the interpretation of these market specific rules before you place an order to buy or sell shares.
Do not enter an order to buy or sell shares in any market on Intrade if you do not accept Intrade's absolute right to settle or unwind any market in any way it deems appropriate.
You may lose all your deposited funds and any profits previously accumulated by trading Intrade markets.
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