S.L. 575.2 Art. 17Settlement of standard tenders.

(1) Settlement of the amount allotted to each successful bidder shall take place on the second business day following the auction date (T+2) at the time indicated on the tender form as may be determined by the Accountant General.

(2) The Accountant General reserves the right to claim compensation from any successful bidder in the event that payment is not received on the due settlement date and time for any reason whatsoever.