Telephone bidding

The right to make competitive telephone bids at gilt auctions and tap issues. 

Periodic dual auctions were also introduced. Dual auctions allow the issue of two stocks of different maturity in the same month, which moderates the supply of any one maturity and also appeals to a wider range of investors. Market makers (GEMMs) were allowed to telephone bids in up to five minutes before the close of bidding for the auction. 

A supplier may be contacted informally to discuss the most appropriate audit route, prior to any formal approach being made to conduct an audit. Any proposal or bid made by a supplier should contain the contact details for the quality managers and personnel so that the auditor can easily liaise with the appropriate representative in the supplier s organization to discuss the next steps. When the auditor contacts the supplier to organize an audit, the supplier should also get the auditor s details (full name, postal address, telephone, fax, e-mail, and even video conference details where appropriate) for future communications. 

The further implementation of the Netherlands Bid with regard to the supply of office furniture, office equipment, telephones and fax machines will proceed in the same way as at present. 

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