Special Now contracts are improving to help you find more buyers.
From today, cases with SIB Passports listed as Special Now will be matched against bids on SIB stock. This means there are more eyes on your listings – and greater opportunities to sell stock quickly.
What is SIB?
SIB – Standard In Bond – contracts guarantee condition, tax status and availability of stock on the market. Stock listed as SIB must arrive in a Liv-ex warehouse within two weeks of a trade.
What is Special Now?
Special Now cases are those that are instantly available to buyers because they are stored in Vine. Some are identical to SIB listings except for the delivery time, which is instant. They must either have an SIB Passport or a recent photo.
Why list as Special Now
With Special Now, your trades are settled automatically, meaning you get paid faster. Listing stock as Special Now offers an additional incentive to buyers who know that the trade can be settled quickly and with added efficiency.
From today, bidders on both SIB and Special stock will be put in front of your offer, so listing as Special Now enables you to maximise the exposure of your stock.
To list stock as Special Now, select the “Available Now” box when adding your offer.
If you have any questions on today’s update, please speak to your Account Manager who will be able to explain the changes in more detail.
