WCI, Inc. supports Participating Jurisdictions in executing coordinated auctions and reserve sales of GHG emission allowances that conform to each jurisdiction’s requirements.
The auction and reserve sale platform allows qualified bidders to post bids during the open bidding window for each auction and reserve sale. The platform automatically applies a currency exchange rate and different bidding limitations — auction minimum price, bid guarantee limits, purchase limits and holding limits — to accept, reject and sort bids submitted by qualified bidders to determine settlement price and allowances awarded.
The platform generates reports for supporting auction monitoring and informing participants about auction results. Participant reports collectively allow confirmation of submitted bids, allowances awarded, total amounts due, and payment instructions.
Following completion of financial settlement and distribution of auction and reserve sale proceeds by the financial service administrator to the jurisdictions and consigning entities, allowances are transferred to successful bidders.