Initial payment

Bank account for transferring the initial payment for trade in Timber.

The initial payment payable by buyers must be transferred to the following bank account of the Administrator of the ETTS:

Bank: Luminor Bank AB
Bank code: 40100
SWIFT: AGBLLT2X
Account No. LT66 4010 0510 0206 3368

The following must be specified in the payment details: auction date, seller, auction name.

Initial payment

Buyers intending to purchase Timber at an auction must transfer the respective initial payment to the bank account of the Administrator of the ETTS for the amount of Timber they intend to buy or provide the Administrator of the ETTS directly, by regular mail or e-mail (ue.looptlab@aneidem), with a guarantee that the contract will be concluded.

The initial payment for long-term, half-year contracts must be provided at least 8 business days before the start of the respective auction and for short-term contracts – at least 1 business day before the start of the respective auction.

Amounts of the initial payment:

  • buyers intending to buy up to 100 m3 of Timber – EUR 100;
  • buyers intending to buy from 101 to 1,000 m3 of Timber – EUR 1,000;
  • buyers intending to buy from 1,001 to 5,000 m3 of Timber – EUR 3,000;
  • buyers intending to buy from 5,001 to 10,000 m3 of Timber – EUR 5,000;
  • buyers intending to buy over 10,000 m3 of Timber – EUR 10,000.