Contract Details
Reserve Bank to INCREASE OCR by 25 basis points on 9 June 2016
OCR.9JUN16.U25Contract Info
- Symbol: OCR.9JUN16.U25
- Last Trade Price: $0.0374
- Last Trade Time:
20 Jan 8:14pm - Today’s Volume: 0
- Average Daily Volume: 0.1
- Today’s Change:
NC (0.00%) - Start Date: 9 Mar 15
- Close Date: 9 Jun 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 9 June 2016, $0 otherwise.
Judging Criteria
This contract is judged according to the scheduled OCR announcement on 9 June 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 9 June 2016 (New Zealand Standard Time); and
b) REPLACES the 9 June 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 9 June 2016.
In the event the announcement scheduled for 9 June 2016 is scheduled for another date, this contract will relate to the first scheduled OCR announcement after the 28 April 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.