VPI Standard vs. Custom Spec

Vesper Marketplace offers a secure and transparent trading environment for agricultural commodities like Skimmed Milk Powder (SMP) and Butter. Here’s why it’s the preferred choice:

• Trusted Partners

Trade exclusively with pre-approved factories and verified partners, ensuring top-quality products.

• Transparent Pricing

Access real-time market trends and fair pricing insights to make informed decisions.

• Efficient Negotiations

Engage in a streamlined negotiation process, making deal-making smooth and effective.

• Seamless Connectivity

Connect with key industry players in a competitive yet secure environment, maintaining anonymity until deals are finalized.

The platform operates within specific trading windows for each product. Buyers and Sellers create listings, engage in negotiations, and finalize deals within the designated timeframes. Listings can be created in advance, but active negotiations only begin when the market window opens.

Q: Who is eligible to trade on the Vesper Marketplace?

A: Only registered and verified users, including Buyers, Sellers, and Traders, are eligible. All users must comply with the platform’s terms and conditions.

Q: Can I act as both a Buyer and a Seller?

A: Yes, users can hold multiple roles depending on their company structure. Traders who act as intermediaries must ensure compliance with approved sources and trading rules.

Q: What is a Liquidity Provider (LP)?

A: A Liquidity Provider, also known as a Market Maker, is a company that quotes both buy and sell prices for a tradable asset held in its inventory.

Q: How do we select Liquidity Providers?

A: All Liquidity Providers have been approved by Vesper Marketplace according to our quality standards. They commit to a specific set of rules, including spread, continuity, and price range, as outlined in our agreement.

Q: What are the trading rules on Vesper Marketplace?
A: All trading must take place within designated trading windows. Users must trade exclusively with pre-approved partners and factories, and all prices must align with the Vesper-provided bandwidth.

Q: Can I create listings before the market window opens?
A: Yes, listings can be created in advance and will be visible to counterparties. However, active negotiations can only start once the market officially opens.

Q: What should I do if I see a listing from a factory I haven’t approved?
A: You should not engage in any trade with unapproved factories. Contact our support team if you encounter such discrepancies.

Q: What should I do if there is a conflict or issue with a deal?
A: If there’s a dispute or issue with a transaction, reach out to our support team with the details. We’ll help facilitate a resolution based on the agreed-upon terms and platform rules.

Q: How is the pricing model at Vesper Marketplace?
A: Vesper Marketplace uses a transparent pricing model. All prices are set by the users within an agreed bandwidth, with no automated or unexpected adjustments, ensuring full control over the final pricing.

Q: When should I initiate payment?
A: Follow the payment terms agreed upon during the negotiation process. Payments should be made promptly to ensure smooth transaction flow and maintain trust.

Q: What are the trading hours for SMP and Butter?
A:

• SMP & Butter Market: Wednesdays, 2:00 PM - 3:00 PM CET

Listings can be created in advance, but active negotiations will only start when the respective market windows open.

Q: Can I view listings outside of the market window?
A: Yes, you can view upcoming listings before the market window opens. However, active engagement and negotiations will only be enabled during the designated trading hours.

Q: What happens if I don’t reach a deal before the market window closes?
A: All active bids, offers, and negotiations that are not finalized will expire at the end of the market window. You can choose to relist them in the next trading session.

Q: What happens if my deal gets rejected? Can I cancel a deal after it is confirmed?
A: Once a deal is confirmed, it is considered binding for both parties. Deals can only be canceled if both parties mutually agree to the cancellation terms. Contact your counterparty directly to discuss cancellation requests, as Vesper does not facilitate post-deal cancellations..

Q: Are there penalties for canceling a confirmed deal?
A: Cancellations can only proceed if both parties agree. Depending on the agreement, one or both parties may negotiate penalties or adjustments to cover any costs incurred.

Q: What do I do if my account is inactive?
A: If your account has been inactive for three consecutive months, you may lose access to the platform. To regain access, contact support to reactivate your account.

Q: Can Vesper participate in trading activities?
A: No, Vesper will never act as a Buyer or Seller. The platform’s role is solely to facilitate transactions between registered participants.

Q: What should I do if there is a conflict or issue with a deal?
A: If there’s a dispute or issue with a transaction, reach out to our support team with the details. We’ll help facilitate a resolution based on the agreed-upon terms and platform rules.

Q: What are the responsibilities of the both parties in shipping and delivery?
A: Sellers and Buyers are responsible for arranging delivery logistics and ensuring timely and accurate delivery of products based on agreed incoterm in the final deal.

Q: What should I do if there’s a delivery issue?
A: Contact the counterparty directly to resolve any delivery discrepancies. If further assistance is needed, reach out to our support team for guidance.

Q: What are Approved Partners and Approved Factories?
A: Approved Partners are pre-approved entities that Buyers and Sellers are authorized to trade with, ensuring compliance and trust in transactions. Approved Factories are specific production facilities that Buyers have vetted for sourcing products.

Q: How do I update my list of Approved Partners or Factories?
A: Submit your changes to our support team. Once verified and approved, the updates will be reflected in your account.

Q: What should I do if I see a listing from a factory I haven’t approved?
A: You should not engage in any trade with unapproved factories. Contact our support team if you encounter such discrepancies.