Initialization Parameters
The relationship between a Term Auction to a Term Repo is a many to one relationship. A Term Repo previously deployed and auctioned can be "re-opened" through a subsequent auction. The key parameters to a Term Auction are as follows:
Minimum Tender Amount
Initialized by Deployer
Minimum bid or offer amount accepted in auction
Auction Start Time
Initialized by Deployer
Timestamp defining the beginning of the auction window where bids and offers are accepted
Auction End Time
Initialized by Deployer
Timestamp defining the end of the auction window where bids and offers are accepted
Tender Reveal Time
Initialized by Deployer
Timestamp where bids and offers may be revealed for auction clearing
Clearing Price Offset
Initialized by Deployer
The number of price groups by which the best bid and offers are offset in determining the clearing rate, must be 0 or 1
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