Carbon price contracts

Carbon Price to close in NZ$9.50-NZ$9.99 range on Thurs 8 Dec 2011

Long Description: This contract pays $1 if the closing bid price for spot New Zealand Units (NZUs) is $9.50 to NZ$9.99 (inclusive) on Thursday 8 December 2011, as reported by Westpac Institutional Bank’s “Morning Report” on Friday 9 December 2011. Otherwise this contract pays $0.
Judging criteria:

1) The bid price quoted in Westpac Institutional Bank’s “Morning Report” on Friday 9 December 2011 shall be definitive. (see here and here for recent examples)
2) If no Westpac Institutional Bank’s “Morning Report” is published on Friday 9 December 2011 then iPredict shall make enquiries of Westpac Institutional Bank as to what the closing bid price was on Thursday 8 December 2011.
3) If Westpac Institutional Bank is unable to provide any advice on what the closing bid price was on Thursday 8 December 2011, then the contract shall close at $0.20c

Suggest following ranges: below $9.00
$9.00 to $9.49
$9.50 to $9.99 (as above)
$10.00 to $10.49
$10.50 to $10.99
$11 or above



Edited 1 time(s). Last edit at 12/07/2011 08:31AM by admin.

Great stock. Latest Westpac prices are at [www.westpac.co.nz]

Great! Will this be a regular daily stock? It would be nice to have another regular daily stock like the NZX50 to trade on a daily basis.