The wine bond is a new concept, proprietary to E-Cep. It allows wine collectors to purchase a particular vintage of a particular wine before it has been bottled and released onto the market. Each wine bond gives the buyer the right to receive a pre-agreed number of bottles of pre-agreed size. Taxes and shipping charges are deferred until the wine is released, at which point the buyer takes physical delivery of the wine. The bond contract is between the winery and the buyer.