Why have we added this option?
Many of the creditors we work with have expressed interest in a hybrid auction. Often, the seller only has a say in setting the initial price. The Hybrid Auction would offer them the opportunity to communicate with buyers and have the option to create individual conditions! Real-time information sharing between the participants and the creditor allows the seller to increase the price of pools if they desire!
The hybrid auction lasts a week, and during this time you can influence, or rather raise the price of the pool, see the bids of other participants and interact with each other, and the blitz price (the maximum expected price for which a seller will immediately give this portfolio) can be set.
How does it look like for buyers?
The blitz price is highlighted in red. By clicking on the "Buy pool" button, the auction will end.
Besides, we can "Offer another price", and then we get the following view:
1. Yellow area - the price has not reached the checkpoint yet. Here, all bids could be potentially rejected by a seller.
2. Green area - the instant purchase price. By clicking here, we can immediately finish the auction:
3. The slider that moves around the entire field, allows us to set a bid at any place
If a buyer places a bid below the Reserve Price, the system will ask for a brief explanation
The seller will see this message. Click the button "Confirm bid", and a chat appears where the buyer and seller can agree on terms:
What does it look like for sellers? or How does it look for sellers?The interface remains the same, only the button "Chat" appears:
Get more hands on control of your portfolio sale with Debexpert's Hybrid Auction!
Any questions? Contact us