ELECTRONIC TRADE BOARD (ETB) Clause Samples
The Electronic Trade Board (ETB) clause establishes the use of an electronic platform or system for conducting, recording, and managing trade transactions between parties. In practice, this clause specifies that all relevant documents, communications, and confirmations related to the trade will be processed through the designated ETB, ensuring a standardized and secure method for handling transactions. By mandating the use of an ETB, the clause streamlines trade operations, reduces paperwork, and minimizes the risk of errors or disputes arising from manual processes.
ELECTRONIC TRADE BOARD (ETB). 1. The Company will provide a real time, electronic method of picking up, dropping, and trading sequences between Flight Attendants on a first come/first served basis. The ETB will not be used to distribute or trade open time. The following provisions will apply.
2. General Use of the ETB
a. All sequence transactions through the ETB for the next month will be processed on the 23rd 22nd of the calendar month at 0400 HBT and will be awarded in first come/first served order. beginning immediately following the posting of the PBS line award. (PBS Bidding Arbitration Award)
b. ETB transactions will not be processed between the time the TTS bid closes at 2100 2300 and is awarded at 0600 0400. Δ (L-11)
c. In order to avoid transition conflicts, for a period not to exceed forty-eight (48) hours while PBS is processing, a Flight Attendant shall not be able to pick up, drop or trade a trip that touches the last six (6) three (3) days of the bid period. (PBS Bidding Arbitration Award)
d. All ETB transactions will be available for processing up until sign-in time for the sequence. If the sequence has not been picked up, the Flight Attendant will be responsible for flying that sequence. This restriction shall not apply to Paragraph P.
e. The ETB system will include a real time acceptance message that requires a Flight Attendant picking up a sequence on the ETB to accept the sequence. A Flight Attendant requesting to drop or trade a sequence remains responsible for that sequence until approval for the drop or trade has been granted. Once a sequence is added, it becomes part of the Flight Attendant’s line. Conversely, once a sequence is dropped, it is no longer part of the Flight Attendant’s line.
f. ETB transactions will be processed for sequences that the Flight Attendant is legal to operate under the terms of the Agreement and in accordance with the parameters specified in Paragraph D.14.a-f.
g. Flight Attendants will be able to access the ETB through a web-based program at no cost to the Flight Attendant.
h. The Company will implement a technology based system where a Flight Attendant can confirm a trip drop or trade.
i. A Flight Attendant can combine multiple sequences as specified in Paragraph D.14.
3. Lineholder Use of the ETB
a. Within the same crew base, Lineholders may drop sequences to other Flight Attendants, pick up sequences from other Flight Attendants on days off or on vacation days, and/or trade sequences with other Flight Attendants using the ETB.
b. Li...
ELECTRONIC TRADE BOARD (ETB). 1. The Company will provide a real time, electronic method of picking up, dropping, and trading pairings between Flight Attendants on a first come/first served basis. The ETB will not be used to distribute or trade open time. The following provisions will apply:
2. General Use of the ETB
a. All pairing transactions through the ETB will be awarded in first come/first served order, beginning immediately following the posting of the PBS line award.
b. ETB transactions will not be processed between the time the ISAP bid closes at 2100 and is awarded at 0600.
c. In order to avoid transition conflicts, for a period not to exceed forty-eight (48) hours while PBS is processing, a Flight Attendant shall not be able to pick up, drop or trade a trip that touches the last six (6) days of the bid period.
d. All ETB transactions will be available for processing until two (2) hours prior to the report time for the pairing. If the pairing has not been picked up by another Flight Attendant two