What is the timing for CRR trades to be considered official before a CRR auction?
A CRR bilateral trades are required to go through credit management. Trades entered and acknowledged by both CRRAHs goes to “Pending Credit Check” prior to 10:30am on Day 1; CMM has until 4:30pm on Day 2 to approve the trade and send back to CRR; CRR receives the approval at 4:30pm and places the CRR into inventory under the new owner; new owner will begin to see CRR settlement with the acquired CRR in Day 3 DAM for operating date of Day 4.
