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QUESTION

What is a Request for Quotation (RFQ)?

ANSWER

An RFQ is basically a listing on the Biz4x Marketplace that outlines your trading requirements. It would include the type of currencies you would like to buy or sell, the condition of the notes, the groups you would like to trade with, the type of quotes you would like to accept, the denomination, payment and settlement terms of the trade.

RELATED QUESTIONS
What is the Biz4x Marketplace?
What is a bidding period?
What is a Quote?
How do I configure my Incoming Settings?
How do I configure my Outgoing Settings?
How do I set up Groups?
How do I create a Request for Quotation (RFQ)?
How does the active RFQ dashboard work?
How do I accept a Quote on the Marketplace?
How do I respond to an RFQ and send a Quote?
How do I request to cancel my RFQ or Quote once it has been accepted?
How do I request to complete a trade?
How long will an RFQ be displayed on my Active RFQ dashboard?
Where do I find a list of all RFQs?
Where do I find a list of all my Marketplace transactions?
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