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Contract Details

Reserve Bank to INCREASE OCR by 50 basis points on 9 June 2016

Reserve Bank to INCREASE OCR by 50 basis points on 9 June 2016

OCR.9JUN16.U50
Contract Info 
  • Symbol: OCR.9JUN16.U50
  • Last Trade Price: $0.0033
  • Last Trade Time:
    20 Jan 8:14pm
  • Today’s Volume: 0
  • Average Daily Volume: 0.0
  • 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 50 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.