Finance, Banks
How to participate in electronic trading: ways of electronic commerce
Today, electronic trading is one of the most popular types of online trade. This way of concluding contracts for many market participants is the most attractive because in order to participate in the auction, it is absolutely not necessary to be territorially close to the customer. In addition, in this way it is much more convenient to monitor the market of interest, tracking the newly emerging demand.
Information on how to participate in electronic trading after passing through all necessary registration procedures is usually provided at each site. First of all, using the search box it is worth to find the application that interests you. It always contains information about the customer, the subject of the auction, the maximum amount of delivery and its terms. Having collected the necessary package of documents specified in the application, it is possible to issue a proposal, having assured its EDS.
At the first stage, potential suppliers are deprived of the opportunity to view other offers, only information on their number is available. In the event that several proposals close to the price have been submitted for this application, the organizers are conducting a second round, the so-called re-negotiation. At this stage, suppliers have the opportunity to familiarize themselves with which companies are applying for this contract, and what are their price offers.
It is worth remembering that, having asked about how to participate in electronic trading, it is necessary not only to prepare a package of documents, but also to be prepared for the fact that a certain amount of money required to secure an application will be required to participate in the tender. As a rule, if a potential supplier for some reason does not win the right to contract with the buyer, this amount is returned to his settlement account at the bank or to a personal account on the site for the possibility of its further use.
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