Current COE Price or CCP. During the bidding exercise, bids with
reserve prices higher than the CCP will still be in the running for
a COE. If your reserve price falls below the CCP, you will be
out-bid or squeezed out by other bidders. You may revise your
reserve price upwards to remain in the running for a COE, or you
may wish to wait for the next exercise to
submit your bid.
You have been Out-bid when your reserve price falls below the
Current COE Price. You will have to revise your reserve price
upwards to remain in the running for a COE. Alternatively, you may
wish to submit another bid in the next exercise.
If the word Reject appears while you are trying to submit your bid,
it means that the system is not able to accept your bid for
processing. This could be because a bid had already been submitted
in your name or there are insufficient funds in the bank account
for the bid deposit.
Reserve Price is the maximum amount you are willing to pay for your
COE. Once you have entered your reserve price, which is
confidential, the system will automatically, according to the CCP,
revise your bid upwards, at $1 increment, to keep your bid in the
running until your reserve price is reached. If the Current COE
Price exceeds your reserve price, you are out of the running for a
COE unless you revise your reserve price upwards.
