Updates for international payments

From November 2017, Liv-ex payment details will be changing for international customers paying us in GBP. This is due to a structural reorganisation of our bank, HSBC. The sort code and account number will remain the same, but the SWIFT BIC (BIC8) for the bank, which forms part of the IBAN, is changing from MIDLGB22 to HBUKGB4B. The New Branch BIC (BIC11) will be HBUKGB4115C The new IBAN will be IBAN: GB43HBUK40021631896741. Payments to the old account details will continue to work [...]

By | 2017-10-30T15:51:40+00:00 October 30th, 2017|Finance|Comments Off on Updates for international payments

AWRS: Registration numbers needed

New HMRC regulations From 1st April 2017, UK merchants will need to have registered their URN numbers with Liv-ex before selling Duty-Paid stock on the Exchange. This change is being made to comply with new regulations from HMRC. Liv-ex's URN number is XXAW00000100721. To submit your URN number to Liv-ex, please contact simon@liv-ex.com. You will not be able to sell Duty-Paid stock on the Exchange until we have verified your URN number. What is the scheme? The scheme, which comes into force [...]

By | 2017-03-21T13:00:45+00:00 March 17th, 2017|Exchange, Finance|Comments Off on AWRS: Registration numbers needed

My account, your trades in one place

Liv-ex recently launched My Account, a new summary page containing everything that you need to know about your trades and account status. Last week we sent you an email detailing how it enables you to access your net statements. Below, we show you how to view your latest trading activity. The Trading activity tab allows you to view all of your open trades. Buying: As a buyer, you can view invoiced trades and information about when payment is due. You can also view trades [...]

By | 2016-11-02T09:22:46+00:00 November 1st, 2016|Finance, How to|Comments Off on My account, your trades in one place

Liv-ex wins supply chain initiative award

Liv-ex has won the Drinks Business’s 2016 Supply Chain Initiative of the Year award for its SIB Passport and Instant Transfer. Both initiatives focus on the immobilisation of stock, which reduces the risk of damage as well as reducing costs. SIB (Standard in Bond) Passport is an electronic certificate issued by Vine to confirm that a case of wine is SIB-compliant. It enables wines to be processed quickly when they are bought, sold, or shipped. If the wine remains stored in Vine [...]

By | 2016-05-05T16:28:30+00:00 May 5th, 2016|Exchange, Finance, Uncategorized, Vine|Comments Off on Liv-ex wins supply chain initiative award

En Primeur survey now open to Liv-ex members

In his report of the Bordeaux 2015s, James Suckling said, "I can't think of another vintage that produced wines like this in my career as a wine critic." Now that many of you have had the opportunity to taste the vintage, we want to find out what you think. Liv-ex's En Primeur survey should take no more than five minutes to complete, but to make it worth your while we are offering one magnum of Troplong Mondot 1998 and one magnum of Château [...]

By | 2016-04-07T14:06:26+00:00 April 7th, 2016|Cellar Watch, Data, Exchange, Finance, Press, Technology, Uncategorized, Vine|Comments Off on En Primeur survey now open to Liv-ex members

Liv-ex Newsletter: April 2016

Welcome to the April 2016 Liv-ex newsletter  With just a few days until the UGC tasting in Bordeaux, thoughts are very much turning towards the 2015 vintage. Take a look at the En Primeur pages either on the Liv-ex site or the Liv-ex blog for the latest critic scores, prices and news, which we will be updating throughout the campaign. We will be tweeting release prices (using #bdx15) and analysing the latest releases on our blog.We will also be emailing out our 14th annual EP survey on your return from Bordeaux, [...]

By | 2016-03-30T16:20:17+00:00 March 30th, 2016|Cellar Watch, Data, Exchange, Finance, How to, Press, Technology, Vine|Comments Off on Liv-ex Newsletter: April 2016

Liv-ex Euro prices changing in 2016

Important changes to Liv-ex terms of business Cliquez ici pour la version Francais 'Modification des prix de Liv-ex en Euro en 2016 In 2016 Liv-ex will be adjusting its Euro prices to reflect the weakness of the exchange rate. The Liv-ex membership fee, Vine and data services will be calculated using an exchange rate of 1.4. Prices in pound sterling will remain unchanged. Please note that these will come into immediate effect as of 1st January 2016. 2016 prices are as follows: [...]

By | 2015-12-16T09:14:49+00:00 December 15th, 2015|Data, Exchange, Finance, Vine|Comments Off on Liv-ex Euro prices changing in 2016

Annual letter to members from James Miles: 2015

I am writing to thank you for your support throughout the year. As we approach the end of 2015, it seemed a good time to take a look back, highlight some important developments – including some changes to Liv-ex’s terms of business – and outline our plans for the year ahead. Cliquez ici pour la lettre annuelle de James Miles aux membres en français     请点击这里阅读《James Miles给会员的年度公开信》中文版。 The fine wine market in 2015 On balance the market has remained difficult in the [...]

By | 2015-12-15T09:52:34+00:00 December 15th, 2015|Cellar Watch, Data, Exchange, Finance, Press, Technology, Vine|Comments Off on Annual letter to members from James Miles: 2015

Liv-ex Newsletter: November 2015

Welcome to the November 2015 Liv-ex monthly newsletter  In October we continued our weekly noticeboard series that examines ways in which you can get the most out of your Liv-ex membership. Although the month saw the highest level of trade since March, several of the Liv-ex fine wine indices faltered and the Liv-ex 50 was pushed into negative territory for the year (-0.41% YTD). Ways to make the most of your Liv-ex membership Step 1: Use the market depth to expand your offering Step 2: Give your team [...]

By | 2015-11-06T09:41:25+00:00 November 6th, 2015|Finance, Vine|Comments Off on Liv-ex Newsletter: November 2015

How to make the most of your Liv-ex membership: step 4

Step 4: Get paid faster  The introduction of weekly payment periods has dramatically reduced settlement times.  Wine is invoiced once it has been received and cleared by Vine. Liv-ex’s average settlement time – measured from trade date to payment date – has more than halved since 2012, as days to receipt have been significantly reduced. How can you speed up payment time? Send your stock into Vine. Apply for an SIB Passport for your wines. Sell your wine on Liv-ex and get [...]

By | 2015-10-23T09:30:07+00:00 October 21st, 2015|Exchange, Finance, How to, Uncategorized|Comments Off on How to make the most of your Liv-ex membership: step 4
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