Announcements


BE-20: To support a bid on a combination, must the Pre-Bid Letter of Credit be for $5,000 for one block of the combination or must the Letter of Credit be for $5,000 times the number of months in the combination? For example, to support a bid on one October-November-December combination block, would I be required to post $5,000 for that block, or would I be required to post $15,000 for that block?

The $5,000 is an amount per block and per month for a combination of a given year and segment.  In your example, to bid on an October-November-December combination, the security requirement is $15,000 (three times $5,000 because there are three months).