The first step is to enter into the Agency Agreement (which is an 'evergreen'
contract) .
We will then contact you before each auction
to ask if you have any certificates you would like to sell.
You can send signed Signature pages at any time but no later than 2 days
before the date of the auction. This will allow details of your certificates
to be shown on the auction site 24 hours before the auction starts.
Following the auction (or following the issue of certificates for forward-sold RTFCs), we will ask you to send an invoice to us. We will
then make payment to you once payment has been received from the buyer
(less our fees). Payment is usually made within two weeks of the auction.
Contract Fees
> 1,000,000 certificates = 1% of net sales
500,000 - 1,000,000 = 1.5% of net sales
< 500,000 = 2% of net sales
No.
Yes, if you wish, you may agree with us a reserve price for the certificates
you place in our auction, and you can lower this reserve price during the auction.
The size of lots can vary from a few thousand to a hundreds of thousands;
there is no set size. NFPAS can consolidate smaller certificates into larger batches
to make them more attractive to buyers.
30p per litre.
By submitting certificates to the administrator they avoid having to pay
the 'buy-out' price.
Bids can be made in increments of not less than 0.25p.
The auction starts at 9:00am and finishes at 5:00pm - the auction lasts 1 working day.
It is the highest bid for a lot which is not bettered for a continuous
period of 30 minutes up to 5:00pm.
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