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 Order Policies

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Order Policies
  1. An order is created on the Components Exchange Online's PartsAuction when, at the completion of the auction, the buying member with the highest bid has a price that meets or exceeds the selling member's minimum threshold asking price posted for the lot.  In addition, our system assigns a unique Trade Transaction Number (TTN) to each transaction.
  2. Verification with Selling Member.  Once the Auction is ended, a Components Exchange Online operator verifies with the selling member's Designated Contact Person that the specified Auction Lot specified is available for shipment within 24 hours.