Non-competetive facility Sample Clauses

Non-competetive facility. The Authorised Dealer is offered an exclusive right to accomplish an additional transaction of equal character at the average accepted prize expressed as real interest rate after each Sale by Auction. This special facility amounts to maximum 20 per cent. of the total allocated volume at the latest General Auction. The share of Authorised Dealer in this special facility is based upon what it has been allocated totally (by an exchange what has been allocated of the sold volume) in relation to what the Swed- ish National Debt Office has sold in total by sales and exchanges and purchased by buy-backs during the four latest preceding General Auc- tions (including the latest General Auction). This facility may be utilized by notifying the Swedish National Debt Of- fice at the latest at a point of time on the fourth Swedish business day (the “Business Day”) following the General Auction, which has been an- nouned as the latest point of time for submission of bids. Settlement will take place on the third Swedish business day after the Business Day.
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