2BApplying an increase bid

2B Applying an increase bid

 (1) In this clause, the available activity (in eligibility points) of a bidder, immediately before an increase bid is to be processed, is equal to the sum of:

(a)      the difference between:

(i)            the eligibility points of the bidder at the start of the clock round; and

(ii)         the sum of the lot ratings for the total of the start demands of the bidder for each product at the start of the clock round; and

(b)      the difference between:

(i)            the sum of the lot ratings for the decrease bids of each product that have already been applied in full or in part, before the increase bid that is to be processed; and

(ii)         the sum of the lot ratings for the increase bids of each product that have already been applied in full or in part, before the increase bid that is to be processed.

 (2) If the available activity (in eligibility points), immediately before an increase bid is processed, is equal to or greater than the sum of the lot ratings for the increase bid that is to be processed, the increase bid is applied in full, such that the provisional posted demand for the lots of a product of a bidder is equal to the sum of:

(a) the number of lots of the product for the start demand of the bidder; and

(b) the number of lots for the parts of the increase bid of the product that have already been applied in part, if any, before the remainder of the increase bid is to be processed; and

(c) the number of lots for the increase bid of the product that is being processed.

Note: In the case of an increase bid that has been applied in part, the remainder of the increase bid will still have to be processed for the current clock round.

(3) If the available activity (in eligibility points), immediately before an increase bid is processed, is less than the sum of the lot ratings for the increase bid that is to be processed, the increase bid is applied in part (unless subclause (4) applies), such that the provisional posted demand for the lots of a product of a bidder is equal to the sum of:

(a)      the number of lots of the product for the start demand of the bidder; and

(b)      the number of lots for the parts of the increase bid of the product that have already been applied in part, if any, before the remainder of the increase bid is to be processed; and

(c)      the quotient, when expressed in number of lots, of:

(i)            the available activity (in eligibility points); and

(ii)         the lot rating for the lot of the product;

rounded down to the nearest integer.

Note 1: Subparagraph (c)(i) is the numerator. Subparagraph (c)(ii) is the denominator.