Country other than Greece to announce departure from the Eurozone before 1 January 2018NG.EURO.DEP.2017
- Symbol: NG.EURO.DEP.2017
- Last Trade Price: $0.0691
- Last Trade Time:
21 Nov 16 12:00am
- Today’s Volume: 0
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 29 Apr 15
- Close Date: 31 Dec 17
- Status: Closed
This contract pays $1 if a country that is not Greece definitively announces, that announcement being on or before 11:59pm 31 December 2017 GMT, that it will withdraw (or has withdrawn) from the European Monetary Zone and the European Central Bank acknowledges this on or before that date. Otherwise this contract pays $0.
The purpose of this contract is to measure the likelihood that at least one country that is not Greece definitively announces before 1 January 2018 (GMT) that it will leave the Euro Monetary Zone.
The announcement from each body must be definitive.
This contract will pay $1 for either a temporary withdrawal lasting for at least one month, or permanent withdrawal. Any announcement must be made by persons with suitable authority and reported by at least two major media sources.
Two or more Euro nations announcing a merger and that the resulting entity remains in the Euro will not cause this contract to close at $1.
If a Euro nation announces it will split and one of the pieces will not stay in the European Monetary Zone, then this contract will close at $1.
A nation that formally enters the Euro Monetary Zone and then formally exits, satisfying the above conditions, will cause this contract to close at $1.
A definitive announcement before 1 January 2018 that a country will depart the European Monetary Zone which satisfies the above conditions will cause this contract to immediately close at $1.
This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.