Difference between Indication and Firm Offer/Bid
The CBC Platform uses two concepts to facilitate your trade:
1) Indication: For those who want to get proposals, gauge the markets and analyze prices. By opting to trade in this way:
- The option “Book Trade” is not available to the other party.
- There is no deadline.
- You can alter or withdraw your indication at any time.
- An “Indication” can be transformed into an “Offer/Bid” for booking at any time during the negotiations between the parties. In other words, even if you start with an indication, either party can send a “Firm Offer/Bid” to show a real interest in booking the trade.
2) Firm Offer-Sell/Firm Bid-Buy: For those who already have all the terms and conditions and want to book the trade. By opting to trade in this way:
- You can book the trade. If your conditions are accepted, the trade is booked when the other party clicks on “Book Trade” without prior negotiations.
- A deadline should be stipulated for the validity of this Offer/Bid.
- Offers and Bids cannot be altered or withdrawn until the deadline has expired.
- If a direct input on the screen of an Offer/Bid is closed by the other party, the Platform will send a “subject to approval” so that the inputting party can check the seller/buyer and so confirm or reject the trade.
For more information, see...
- How to register
- How to access the CBC Platform
- How to use the filters
- Difference between Indication and Firm Offer/Bid
- Acting Under Confidentially
- Managing “My Operations”
- How to negotiate Lots on screen
- How to Visualize and Answer a Proposal Received
- Managing your registration
- Bid & Ask – How to Operate on Brazil Markets
- Bid & Ask – How to Operate Free Alongside Ports
- Bid & Ask – How to Operate on International Markets
- How to operate an Exclusive Room
- How to Operate a Broker’s Room / Acting as a Broker on the Platform