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Contract Details

John Key to depart as Leader of the National Party in 2018 or later

John Key to depart as Leader of the National Party in 2018 or later

KEY.DEPART.2018L
Contract Info 
  • Symbol: KEY.DEPART.2018L
  • Last Trade Price: $0.6900
  • Last Trade Time:
    29 Nov 16 12:00am
  • Today’s Volume: 0
  • Average Daily Volume: 0.0
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 10 Nov 11
  • Close Date: 31 Dec 17
  • Status: Closed

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Long Description

This contract pays $1 if John Key departs from position as Leader of the National Party in 2018 or later. Otherwise this contract pays $0.

Judging Criteria 

Departure must be announced or widely understood to be permanent. This contract will not close, for example, due to sick leave, or due to an Acting Leader being appointed while Mr Key is overseas or on holiday.

This contract pays out based on when Mr Key's departure as Leader of the National Party takes effect, and is not based on timing of an announcement. This contract will immediately close when Mr Key or his agent suitably authorised, definitively announces the date at which his departure will take effect.

Departure must take effect in 2018 or later to pay $1. Subject to other conditions, this contract will close at $1 on Mr Key's resignation, ousting, or permanent departure due to any reason.

Appointment of a Co-Leader, of which Mr Key is one, will not cause this contract to close.

If the National Party is renamed, this contract will follow the renamed party.

In the event the National Party formally splits, then this contract will follow the leader of the post-split party named "National Party" or "National". If both or neither parties are so-named, then this contract will follow the party which Mr Key leads. In the event neither party satisfies these conditions, Mr Key will be judged for the purposes of this contract to have ceased leading the National Party on the date the party split formally takes effect.

If the National Party formally merges with another party then this contract will follow the merged entity.

Dates and time in New Zealand time.

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.