Account Setup & Approved Partners

Prerequisites for Using Vesper Marketplace

For Buyers

As a buyer, you need to define your approved factories and traders:

• Direct Factories: Factories you want to buy from directly.

• Via Trader: Factories you prefer to access through a trader.

• Any: Factories you are open to buying from either directly or through a trader.

Additionally, list your approved traders who can facilitate transactions on your behalf.

Buyer Setup Checklist:

• Approved Factories: Direct, Via Trader, Any

• Approved Traders.

For Sellers

As a seller, outline the factories (plants) you operate from for each product and list your approved buyers. Make sure payment terms are pre-arranged with these partners to simplify transactions.

Seller Setup Checklist:

• Factory List by Product (e.g., SMP, Butter).

• Approved Buyers

• Payment Terms agreement

For Traders

Traders should provide a list of factories they wish to buy from or sell to and their approved trading partners. Be sure to establish payment terms with each partner.

Trader Setup Checklist:

• Approved Factories

• Approved Traders and Partners

• Payment Terms agreement

Setting Up Your Account

Our team will verify your account to ensure compliance with Vesper's standards and requirements.

Managing Approved Partners

Currently, adding or updating your approved partners requires assistance from our support team. Here’s how to handle this process:

1. Compile Your List

   • For Buyers: List of approved factories and traders.

   • For Sellers: List of factories, approved buyers, and payment terms.

   • For Traders: List of factories, traders, and payment terms.

2. Contact Support
   Send your compiled list to our support team via email or phone.

3. Submit Your List
   Provide the support team with the necessary details to add or update your approved partners.

4. Confirmation
   You’ll receive a notification once your updates are successfully made.

Updating Approved Partners

To update your list of approved partners, follow these steps:

1. Access Your Account: Log in to your Vesper Marketplace account.

2. Compile Your Changes: Prepare the updated list of approved partners.

3. Contact Support: Submit your changes to our support team.

4. Receive Confirmation: Get notified once the updates are completed.

Why Approved Partners Matter

Having a clear list of approved partners is essential for:

• Security & Trust: You’ll only trade with verified and trusted partners.

• Efficiency: Eliminates repetitive vetting and speeds up the trading process.

• Compliance: Adheres to regulatory and contractual obligations by trading only with pre-approved entities.