Seller

Whilst nomination of the minimum reserve price is mandatory, the seller may also adopt a maximum price methodology. When placing the tender on site at a reserve price of say 30.00%, Sellers have the option to nominate a maximum price of say 35.00%. A Bidder wanting the stock and prepared to pay the maximum price can automatically win the tender by paying the maximum price and thereby closing the tender early.

N.B. The maximum price concept is optional to the Seller.

Bidder

For the Bidder, if a maximum price is included in the tender you can eliminate your competition immediately by placing the maximum bid. This works particularly well on popular debt stock. Alternatively you can bid to the contract end and hope to be the highest Bidder.

Buy Offers

Why wait for a formal tender? If you want to buy a debt not currently being tendered simply list the debt you are looking for and the price you will pay on our site. Sellers can conclude the deal by meeting the requested price. Given this type of transaction cannot be fully driven electronically, the Website Managers staff will intervene to assist the parties reach a conclusion.

 

Security & Anonymity

The Website Manager will control the quality of visitors to the site by ensuring only registered parties can enter into any contracts.  Clients must be screened before acceptance and issuance of identification codes and passwords.

e-debttrading.com facilitates the tender using a state-of-the-art computer firewall. Both Sellers and Buyers can only access the value area of the bid process after the Website Manager has confirmed their integrity as a acceptable Seller or Buyer, and has issued identification numbers and a password.

Each tender will receive a tender number. The Seller identity will only be released to the winning Bidder. Bids lodged will show only the bid amount on-line although the system includes an audit trail of all bids (including losing bids) in case of any disputes later on.

In addition, only the Website Manager will have access to the individual bids, and even then, such information will not be accessible unless authorized by senior management.

Although the Website Manager will be responsible for regulating the site, its  staff will have restricted access to ensure the integrity of the marketplace. The (succesful) Buyer and Seller’s identities will be revealed to each other via e-mail only.

Any Seller or Buyer breaching the Terms & Conditions of a tender will be suspended or permanently excluded from future trades unless a satisfactory reason can be provided for failing to complete a transaction..

Website hosting through a reputable local provider with dual international gateways ensures access at all times.  Data is backed up daily so, in the advent of a major catastrophe, we will be back on-line within 24 hours.