Payment by successful bidders and transfer of proceeds to the Member States
Article 35
1. Each successful bidder or its successors in title, including any intermediaries acting on their behalf, shall pay the sum due notified to it pursuant to Article 52(3), point (c), for the allowances won as notified to it pursuant to Article 52(3), point (a), by transferring that sum, or arranging for its transfer through the clearing system or settlement system, to the auctioneer’s nominated bank account in cleared funds at the latest upon delivery of the allowances into the bidder’s nominated Union Registry account or the nominated Union Registry holding account of its successor in title. 2. An auction platform, including the clearing systems or settlement systems connected to it, shall transfer the payments made by the bidders or any successors in title arising from the auctioning of allowances referred to in Articles 10, 11 and 13 to the auctioneers that auctioned the allowances in question. 3. Payments to the auctioneers shall be made in euros or in the currency of the appointing Member State where that Member State is not member of the euro-zone, at the option of the Member State concerned, regardless of what currency is used for the payments made by the bidders, provided that the clearing system or settlement system concerned is capable of handling the currency in question. 4. The exchange rate shall be the rate published on a recognised financial newswire service specified in the contract appointing the auction platform concerned, immediately following the close of the bidding window.