Common use of Auction Window Clause in Contracts

Auction Window. 9.1 On days with a scheduled Auction, the Eligible Counterparties shall submit their bids from 1.40 pm to 2.00 pm. In respect of any bid that is submitted by an Eligible Counterparty after 2.00pm, the Authority shall have sole discretion to decide whether to accept the bid. 11 If the successful Eligible Counterparty elects to adopt triparty settlement for Specified Collateral and also intends to use SGD cash as collateral (which should be settled bilaterally with the Authority), such Eligible Counterparty shall only be required to specify the amount of USD funds which it intends to obtain through the Facility using the SGD cash collateral in the template. Information on the Specified Collateral does not need to be included.

Auction Window. 9.1 On days with a scheduled Auction, the Eligible Counterparties shall submit their bids from 1.40 pm to 2.00 pm. In respect of any bid that is submitted by an Eligible Counterparty after 2.00pm, the Authority shall have sole discretion to decide whether to accept the bid. 11 If the successful Eligible Counterparty elects to adopt triparty settlement for Specified Collateral and also intends to use SGD cash as collateral (which should be settled bilaterally with the Authority), such Eligible Counterparty shall only be required to specify the amount of USD funds which it intends to obtain through the Facility using the SGD cash collateral in the template. Information on the Specified Collateral does not need to be included.