How will partial awards at the stop-out rate be determined?
If the aggregate Bid amount at or above the stop-out rate exceeds the Offering Amount, the following proration will be applied to Bids submitted at the stop-out rate: • The amount of all Bids above the stop-out rate will be subtracted from the Offering Amount to yield a “Remaining Offering Amount”. The Remaining Offering Amount will then be divided by the aggregate amount of Bids at the stop-out rate. That fraction will be rounded to two decimal places using a two-sided rounding convention (the “Proration Percentage”). (E.g. if the fraction at the stop-out rate required to “fill” the Auction is 5.177355892 percent, the Proration Percentage will be 5.18 percent.) • Each Bid at the stop-out rate will be multiplied by the Proration Percentage. The product will be rounded to conform with the minimum award increment as stated in the Announcement. Awards at the stop-out rate that would fall below the minimum award amount will be rounded up to that amount. Other awards will be rounded, in acc
