Document ID: chunk:federal_register_of_legislation:F2020L01453:schedule:1:p8
Version: federal_register_of_legislation:F2020L01453
Segment Type: schedule
Provision Reference: sch 1 (pt 8/19)
Character Range: 130052–132614

lots of a product of a bidder is equal to:
         (a) the number of lots of the product for the start demand of the bidder; less
         (b) 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
         (c) the number of lots for the decrease bid of the product that is to be processed.

          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.
      (3)  If the provisional excess demand, immediately before a decrease bid is processed, is:
         (a) less than zero; and
         (b) if 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.

          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.
      (4)  If the provisional excess demand, immediately before a decrease bid is processed, is:
         (a)      less than zero; and
         (b)      if the absolute value of the provisional excess demand is less than the number of 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 a 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 the number of lots for the decrease bid of the product that is to be processed and 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