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Auction Rules Daily Auctioning of SY23 capacity (ROY) October 2023 Gas Storage Denmark A/S1. INTRODUCTION These rules govern the qualification for participation, the conduct, and the outcome of the
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Daily auctioning refers to the regular process where assets, such as government securities or bonds, are sold to the highest bidder on a day-to-day basis.
Entities or individuals participating in the auction, such as brokers, financial institutions, or any authorized bidders, are required to file daily auctioning reports.
To fill out daily auctioning forms, one needs to provide details such as the asset type, bid amount, bidder information, and other required specifics as outlined by the governing body of the auction.
The purpose of daily auctioning is to establish a transparent and efficient market for buying and selling securities, allowing for price discovery and liquidity.
Information that must be reported includes the auction date, assets auctioned, total bids received, winning bids, and participants' identities.
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