How to change your price
- Log in to your LibDib account.
- Navigate to the Offerings tab under Markets, select the product and enter Suggested Next Months Selling Price, then update.
- Submit the update. This will queue your change for approval during the first week of the following month (unless you are a Gold/Silver Maker and your Portfolio Manager approves sooner).
The approval timeframe depends on two key factors: the designated approval schedule for each market and compliance status.
Approval Schedule by Market
Refer to the schedule below for Offering Approvals by market. All offerings are reviewed and approved on a designated day each month (see the chart below for details). If this day falls on a weekend, approvals will be completed on the next business day. Any changes submitted in the previous month will be queued for the upcoming review. Once pricing is approved, it remains fixed until the following scheduled approval date, ensuring compliance and ongoing consistency across each market.
Gold and Silver Members: Portfolio Managers are able to change prices mid-cycle.
Compliance
Once the appropriate license(s) has been provided to LibDib, offerings can be been priced and submitted for approval. If there is any missing information, the process takes longer.
LibDib will review and reach out if any requirements are missing. Ensuring that all requirements are met upon submission will only expedite the process. Please review Go Live Guides by market for more details about each state's separate requirements.
If you are a Gold or Silver Maker and wish to expedite, you may reach out to your Portfolio Manager and let them know when you have completed your compliance and submitted your priced offerings for approval.
If you are not enrolled in a Gold or Silver plan and need your offerings reviewed more quickly, you may request an expedited review for a one-time fee of $250 (equivalent to one month of Silver). This fee allows a Portfolio Manager to prioritize, review, and approve your offerings outside of the standard review queue, helping you get to market faster. Reach out to makers@libdib.com to request a one time fee for expedited offering approval.