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Liv-ex Newsletter: June 2016

By June 8, 2016Member updates

Welcome to the June 2016 Liv-ex newsletter 
With many chateaux still yet to release their 2015s, the En Primeur campaign is set to continue through June. Analysis of the latest releases is published on the Liv-ex blog, and our new map of critic scores enables you to see how the top wines are spread across the region. Meanwhile, the Liv-ex Fine Wine 100 has risen for the sixth consecutive month. Take a look below to see the rest of May’s developments.

Updates to Vine’s delivery requirements
Vine’s delivery requirements ensure the most efficient transfer process for all Vine customers. When your delivery is pre-arranged, Vine can check and process it within 24 hours. Your wines are ready for selling sooner, and you get paid faster.

To encourage co-operation and better service for all customers, Vine will be imposing penalty fines on all deliveries failing to conform, effective July 4th 2016. From this date, deliveries that have not been made according to Vine’s delivery requirements will be subject to penalty fines of £100 or £5 per unit.
Settlement cycle
The new updates to Vine’s delivery requirements are part of Liv-ex’s committment to making settlement faster, cheaper and more efficient for both buyers and sellers. As shown above, we have reduced total settlement time from 81 days in 2012 to an average 26 days in 2016 following initiatives including SIB Passport and weekly payment cycles.

Selling En Primeur on Liv-ex
With the 2015 En Primeur campaign underway, we are offering a reminder of the process of selling En Primeur (EP) on Liv-ex. For the 2015 campaign we will be setting the EP selling limit based on a bank guarantee or insurance bond, which should be provided up front at your expense. Please take a look here to see further details, and speak to your Exchange Manager if you have any questions.

Thank you for reading

We hope that you’ve found this edition useful. As always, you can keep up to date with developments as they happen by visiting the Liv-ex noticeboard. If you have any feedback or questions on this newsletter, please email [email protected] or call +44 (0)20 7062 8788.