If you’ve ever spoken with an RCI Guide, or received membership information from RCI, you’ve probably heard or seen the following recommendation, “Deposit Early to Maximise Your Trading Power”. You’ve probably also asked yourself, “What exactly does that mean?".
We’re here to tell you what Trading Power is, and why it’s so important to Deposit Early, and we'll tell you exactly when your deposit is considered "Early"!
Trading Power is "The value assigned by RCI to Holiday Time upon a Deposit and used by RCI to fulfill an Exchange Request."
So in essence, your Trading Power is the value assigned by RCI to your week at the time of Deposit, which determines what Exchange availability you see when you search for an Exchange Holiday. Thus, it is used by RCI to fulfill your Exchange requests.
That probably helps, but if you're like many other members, you're now wondering:
"What exactly is a Deposit?"
"How does Trading Power determine the value of my Deposit?"
"What is an Exchange request?"
"When do I need to deposit for it to be considered early enough for me to help maximise my Deposit's Trading Power?"
You own a week at this resort and decide to Deposit it with RCI so that you can Exchange it for another holiday.
Upon depositing, RCI assigns a value to your holiday time, which is based on the following components of Trading Power:
a. Classification: Did you deposit a resort, a boat, or a recreational vehicle?
b. Demand - How many members want your deposit?
c. Supply - How many similar deposits do we already have?
d. Utilisation - How many deposits like yours have been confirmed by other members in the past?
What season do you own?
What size and type of unit is it?
What are the comment card scores for your resort?
How far in advance are you depositing?
- NOTE: By depositing 2 years to 9 months before the start date of your week, you can help maximise your Deposit's Trading Power.
Based on the above components, your deposit is assigned Trading Power.
1. Deposit early:
By depositing 2 years to 9 months in advance of the start date of your week, you can help maximise your Deposit's Trading Power.
2. Request an Exchange (early) that is similar to your Deposit: ~~
By searching for an Exchange as early as possible, that is similar to what you Deposited, you can maximise the availability you see and attempt to secure it before demand exceeds supply!
Trading Power is a way to help RCI get you a fair Exchange that is comparable to the week you deposited. By assigning Trading Power RCI can help members find holidays similar to the ones they already own.
Ready to apply your new knowledge?
Go to RCI.com today » or call an RCI Guide at 0845 60 86 380.