Contract Details
Reserve Bank of Australia to REDUCE the cash rate by 50 points on 5 March 2013
RBA.5MAR13.D50Contract Info
- Symbol: RBA.5MAR13.D50
- Last Trade Price: $0.0292
- Last Trade Time:
4 Feb 2:25pm - Today’s Volume: 0
- Average Daily Volume: 0.0
- Today’s Change:
NC (0.00%) - Start Date: 14 Jun 12
- Close Date: 12 Mar 13
- Status: Active
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Long Description
This contract pays $1 if the Reserve Bank of Australia reduces the cash rate by 50 points at its meeting on 5 March 2013, $0 otherwise.
Judging Criteria
This contract is judged according to the scheduled cash rate announcement on 5 March 2013. This contract's payout is not affected by a change to the cash rate before or after this date, unless:
a) an alternative cash rate announcement occurs within 72 hours (before or after) of the start of 5 March 2013 (Australian Eastern Standard Time); and
b) REPLACES the 5 March 2013 announcement.
In these circumstances, this contract will be judged based on this alternative announcement. This contract closes at $0 if there is no cash rate announcement that meets these criteria. The contract's Close Date will be extended up to 72 hours if there is no announcement on 5 March 2013.
The cash rate announcement must be made by a person holding suitable authority.
Historical data for the cash rate is available here http://www.rba.gov.au/monetary-policy/int-rate-decisions/index.html
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.