# UMIP 9 -Approve Updated EMP Financial Contract Template

**URL:** https://discourse.uma.xyz/t/umip-9-approve-updated-emp-financial-contract-template/1420
**Category:** technical UMIPs
**Created:** [March 2, 2022, 12:40pm UTC](https://discourse.uma.xyz/t/umip-9-approve-updated-emp-financial-contract-template/1420 "2022-03-02T12:40:41Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)
#### Post date: [March 2, 2022, 12:40pm UTC](https://discourse.uma.xyz/t/umip-9-approve-updated-emp-financial-contract-template/1420/1 "2022-03-02T12:40:41Z")

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This UMIP will have the effect of introducing a slightly modified financial contract template that:

- Still allows users to deploy the EMP (synthetic expiring token) contract.
- Respects the collateral currency whitelist introduced in UMIP-8 to allow simpler and faster adoption of new collateral currencies.
- Allows the liquidation and withdrawal liveness parameters to be set to any time period that’s at least 1 second (previously hardcoded at 2 hours, or 7200 seconds).
- Allows the expiry time to be set to any future timestamp.

> <https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-9.md>