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What is the difference between auction and bid?

“Auction” refers to “Tender”. “Bank Negara Monetary Notes (BNMN)” refers to a debt instrument issued by BNM for managing liquidity in the conventional and Islamic financial markets. “Bids” refer to submission of bids either on Yield or Price via FAST for the Tender of Debt Securities.

What is the difference between a reverse auction and bidding?

The bidding occurs in terms of higher prices. But in case of a reverse auction, the role of the buyers and sellers are reversed. Here, the sellers compete or bid amongst themselves to obtain business from the buyer. Thus, the bidding occurs in terms of lower prices.

What is the difference between bidding and traditional bidding?

Bidding is a live auction that occurs with rules changing the bidding process, with participants being able to communicate in real-time during an auction. Participants are also able to create bids before the live event starts, although they may be prevented by the auctioneer’s rules. Traditional bidding.

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