BEFORE THE MARKET SESSION
To operate in the GO Market (M-GO), Market Participants must have at least one access profile (ownership account) in GSE’s GO Registry.
In the M-GO, selling Participants are required to make a single payment to GME as a security deposit fully covering their purchases (including VAT, where chargeable). The trading system will accept buy orders only if they are fully covered by the available deposit.
DURING THE MARKET SESSION
The prices to be specified in buy and sell orders must be NET OF VAT.
The system will automatically calculate the value of the transaction inclusive of VAT (where chargeable), both for updating the available deposit during the session and for confirming the transactions made and for other administrative-accounting tasks.
AFTER THE MARKET SESSION
- sellers will issue a single invoice to the buyer GME;
- buyers will receive a single invoice from GME.
The Technical Rules set out the technical procedures for participating in the GO Market, the calendar and timetable of the trading sessions, as well as the procedures for notifying the amount of the security deposit made.