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Additional Instructions Necessary for Completing the Pre-Auction Letter of Credit

The following contact information (email address highlighted below) should be used to complete Paragraph 12 of the Electronic Pre-Auction Letter of Credit:

 

  1. Faxed document(s) and document(s) presented by electronic means are acceptable. Presentation by fax must be made to fax number ____________________.  Presentation by fax must be confirmed by telephone to our Standby Letter of Credit Unit at _______________; provided, however, that should this telephone number change or become invalid such that the Standby Letter of Credit Unit cannot be reached by you at the above number at the time of fax presentation, the requirement of telephonic confirmation shall be waived and the faxed document(s) shall be considered operative and valid without such confirmation.  Presentation by electronic means must be made by your email address BGS-Auction@nera.com to the following email address: _______________, and confirmed by telephone to our Standby Letter of Credit Unit at _________________provided, however, that should this telephone number change or become invalid such that the Standby Letter of Credit Unit cannot be reached by you at the above number at the time of presentation by electronic means, the requirement of telephonic confirmation shall be waived and the document(s) presented by electronic means shall be considered operative and valid without such confirmation.

The exclusive method for submitting Pre-Auction Security is via electronic means only to the BGS Auction Manager at BGS-Auction@nera.com. Hardcopies are not acceptable.

January 8, 2021.

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