Settling of December Contracts

The BitMEX Trading Challenge II concludes before the settlement of XBTZ14, USDZ14, XLTZ14, and XDKZ14 futures contracts. The settlement price will be defined by the following function:

Z14 Settlement Price = U14 Settlement Price * (1 + r_f * t) / (1 + r_d * t)

U14 Settlement Price = The September 26, 2014 settlement price for the futures chain in question.

r_f = The daily flash return rate as observed on Bitfinex of the foreign currency on September 26, 2014.

r_d = The daily flash return rate as observed on Bitfinex of the domestic currency on September 26, 2014.

t = Days between December 26 and September 26 2014 divided by 365.

Note: XDK will use the XLT flash return rate.