For the BGS-CIEP Auction, the BGS-CIEP Pre-Auction Letter of Credit must be in an amount of $375,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. To be eligible to bid on the maximum number of tranches available in the BGS-CIEP Auction, the BGS-CIEP Pre-Auction Letter of Credit must be in the amount of $6,000,000.

For the BGS-RSCP Auction, the BGS-RSCP Pre-Auction Letter of Credit must be in an amount of $500,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. To be eligible to bid on the maximum number of tranches available in the BGS-RSCP Auction, the BGS-RSCP Pre-Auction Letter of Credit must be in the amount of $10,000,000. 

If a Qualified Bidder in the BGS-RSCP Auction is required to provide additional pre-auction security in the form of a letter of intent to provide a guaranty or a letter of reference, it must be in the amount of $1,900,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. To be eligible to bid on the maximum number of tranches available in the BGS-RSCP Auction, the letter of intent to provide a guaranty or a letter of reference must be in the amount of $38,000,000. Alternatively, the Qualified Bidder can provide a BGS-RSCP Pre-Auction Letter of Credit for the full amount, namely $2,400,000 per tranche of the Qualified Bidder’s indicative offer at the maximum starting price. In this instance, to be eligible to bid on the maximum number of tranches available in the BGS-RSCP Auction, the BGS-RSCP Pre-Auction Letter of Credit must be increased by an additional $38,000,000