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Contract Details

Reserve Bank to INCREASE OCR by 25 basis points on 28 April 2016

Reserve Bank to INCREASE OCR by 25 basis points on 28 April 2016

OCR.28APR16.U25
Contract Info 
  • Symbol: OCR.28APR16.U25
  • Last Trade Price: $0.0630
  • Last Trade Time:
    7 Jan 12:17pm
  • Today’s Volume: 0
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 6 Mar 15
  • Close Date: 28 Apr 16
  • Status: Active

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Long Description

This contract pays $1 if the Reserve Bank of New Zealand INCREASES the Official Cash Rate (OCR) by 25 basis points at its OCR announcement on 28 April 2016, $0 otherwise.

Judging Criteria 

This contract is judged according to the scheduled OCR announcement on 28 April 2016. This contract's payout is not affected by a change to the OCR before or after this date, unless:

a) an alternative OCR announcement occurs within 72 hours (before or after) of the start of 28 April 2016 (New Zealand Standard Time); and

b) REPLACES the 28 April 2016 announcement.

In these circumstances, this contract will be judged based on this alternative announcement. This contract closes at $0 if there is no OCR announcement that meets these criteria. The contract's Close Date will be extended up to 72 hours if there is no announcement on 28 April 2016.

In the event the announcement scheduled for 28 April 2016 is scheduled for another date, this contract will relate to the first scheduled OCR announcement after the 10 March 2016 announcement.

The OCR announcement must be made by a person holding suitable authority.

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.