Turnout in 2014 General Election (scaled payout)NZELEC.2014.TURNOUT
- Symbol: NZELEC.2014.TURNOUT
- Last Trade Price: $0.7790
- Last Trade Time:
23 Sep 14 12:00am
- Today’s Volume: 0
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 15 Jan 14
- Close Date: 1 Jan 15
- Status: Closed
This contract pays 1 cent for each 1% of the FINAL turnout in the next General Election. This contract's payout per share is capped at $1. For example, a turnout of 76.45% would pay out $0.7645.
For the purposes of this contract, "2014 General Election" refers to the first General Election after the launch of this contract whether it occurs in 2014 or later.
The contract is based on total party votes cast, including informal and disallowed votes, on both the general and Maori roll, divided by the electors on the master role.
For the avoidance of doubt, based on the information at http://electionresults.govt.nz/electionresults_2011/e9/html/e9_part9_1.html, the contract would have paid $0.7421 in 2011. The comparable official table will be used to determine the closing price after the 2014 General Election.
Image used with the permission of the Electoral Commission.
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.