Contract Details
Lawrence Summers to depart as Director of the National Economic Council in 2010
SUMMERS.RESIGNContract Info
- Symbol: SUMMERS.RESIGN
- Last Trade Price: $1.0000
- Last Trade Time:
12 Jan 11 12:00am - Today’s Volume: 90
- Average Daily Volume: 0.0
- Today’s Change:
NC (0.00%) - Start Date: 19 Feb 10
- Close Date: 4 Jan 11
- Status: Closed
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Long Description
This contract pays $1 if Lawrence Summers permanently departs as Director of the National Economic Council in 2010. Otherwise this contract pays $0.
Judging Criteria
The purpose of this contract is to measure the likelihood of Lawrence Summers surviving 2010 as US Director of the US National Economic Council.
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 Director being appointed while Mr Summers is overseas or on holiday or temporarily stood down.
This contract will close at $1 on Mr Summers' resignation, sacking, or permanent departure due to any reason.
This contract will be judged based on when Mr Summers' departure takes effect
Note: this contract will close at $1 for a departure up to and including departure on Monday 3 January 2011 US Eastern Standard Time, the first working day of the year.
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.