NSEL-e-Auction - National Spot Exchange Limited

8Bids submitted above floor price will be accepted by the system. Bidssubmitted below floor price but above Buffer price will also beaccepted by the system. All such bids pending in market till end oftrading session shall form the depth. At End of trading session, thebids above floor price are marked to trade in descending order till theseller quantity is available. The trades are matched on price timepriority logic.During trading session, only betterment of price by the bidder ispermitted (upward revision). Cancellation of bid is not allowed.Downward revision of bid, either in quantity or price is also notallowed.At end of session, the highest bidders are identified by the system. Theresult of e-Auction shall be available on the E-auction web site.User(s) can view the results using their login credentials.The final results of the E-Auction are binding on all bidders and anyrequest for cancellation received after the conclusion of an auctionsession shall not be entertained.Fig.3.3 View RFQ List available post login to the bidders