Document ID: chunk:federal_register_of_legislation:F2021L01155:reg:2c:p2
Version: federal_register_of_legislation:F2021L01155
Segment Type: reg
Provision Reference: reg 2C (pt 2/2)
Character Range: 177336–179334

lots of the product for the decrease bid that is being processed;
  the decrease bid is applied in part, such that the provisional posted demand for the lots of a product of the bidder is equal to:
 (c) the number of lots of the product for the start demand of the bidder; less
 (d) the number of lots for the parts of the decrease bid of the product that have already been applied in part, if any, before the remainder of the decrease bid is to be processed; less
 (e) the difference between:
 (i) the number of lots for the decrease bid of the product that is to be processed; and
 (ii) the absolute value of the provisional excess demand.
Note: In the case of a decrease bid that has been applied in part, the remainder of the decrease bid will still have to be processed for the current clock round. When processed, the remainder of the decrease bid will either be applied in full, applied in part, or rejected.
Decrease bid rejected
 (5) If, immediately before a decrease bid is processed:
 (a) the provisional excess demand is less than zero; and
 (b) the absolute value of the provisional excess demand is greater than or equal to the number of lots of the product for the decrease bid that is being processed;
  the decrease bid is rejected, such that the provisional posted demand for the lots of a product of a bidder is equal to the difference between:
 (c) the number of lots of the product for the start demand of the bidder; and
 (d) the number of lots for the parts of the decrease bid of the product that have already been applied in part, if any, before the remainder of the decrease bid is to be processed.
Calculating posted demand and eligibility points
 (6) After all the increase bids and decrease bids in the queue are processed:
 (a) the posted demand for the lots of a product for a bidder for the current clock round is equal to the provisional posted demand that applies after the last bid in the queue is processed; and
 (b) Step 8 of subclause 2A(1) is to be performed.