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:

Parameter	Method	Description
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