BEFORE MARKET SESSION
In order to operate on the CIC market (MCIC), participants must hold at least one access profile (ownership account) at the BIOCAR portal of the GSE.
Buyer participants, in order to participate in the MCIC, are required to make a single payment, in favor of GME, as a deposit to guarantee total purchases including VAT where applicable.
The trading system will accept purchase proposals only if fully covered by the available deposit.
DURING MARKET SESSION
The prices to be included in the purchase and sale proposals must be NET OF VAT.
The system will automatically calculate the value of the transaction including VAT, where applicable, both for updating the deposit available during the session and for confirming the operations carried out and for administrative and accounting obligations.
FOLLOWING THE CONCLUSION OF MARKET SESSION
- sellers shall issue one or more invoices to the GME’s buyer party;
- buyers shall receive one or more invoices by the GME.
The technical procedures for the participation of participants in the MCIC, the times of the trading sessions, as well as the methods to communicate the amount paid as a guarantee deposit are contained in the Technical Rules.