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.

Initialization ParametersAdministrative Functions

Contract	Key Functions
TermAuction.sol	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
TermAuctionBidLocker.sol	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
TermAuctionOfferLocker.sol	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