Default is out of the question, so naturally I don't care when X is.
So, just to make this clear, I can do a bet on default for a time like End-2013 or worse, and that's OK. 1:1 bet on you defaulting?
This sounds doable. I don't see how it makes any sense for you, but that's not my problem, is it? I'll just have to ask around for some third parties.