Term Auction Group

The Term Auction group of contracts contain the logic to handle and process bid and offer submissions, determine an auction clearing price, and to settle and clear a Term Auction. The relationship between the Term Auction Group and the Term Servicer group is many to one. There can be multiple Term Auctions that settle into a single set of contracts belonging to the same Term Servicer Group with the same terms and conditions.

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ContractKey Functions

Manages the clearing, settlement and minting of Term Tokens at the conclusion of a Term Auction

completeAuction: public function that settles and clears an auction and mints term repo tokens to lenders who are assigned a loan in auction given a clearing rate and arrays of validly submitted bids and offers

Manages Term Auction bid submissions (to borrow)

lockBids: callable by participants to tender or submit sealed or hashed auction bids

unlockBids: callable by participants to cancel sealed or hashed auction bids

revealBids: public function to reveal sealed or hashed bid prices

Manages Term Auction offer submissions (to lend)

lockOffers: callable by participants to tender or submit a sealed or hashed auction offer

unlockOffers: callable by participants to cancel a sealed or hashed auction offer

revealOffers: public function to reveal sealed or hashed offer prices

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