Corn futures delivery system: basic terms, delivery methods and delivery costs

(A) the generation of standard warehouse receipts

1. Before the delivery, the seller submits the delivery forecast to the exchange and pays the delivery forecast deposit of 10 yuan/ton, which will be returned after the corresponding goods arrive as required.

2. The seller shall make delivery according to the delivery warehouse designated by the Exchange, and the warehouse shall conduct inspection according to the regulations.

3. After passing the inspection, the Exchange will conduct on-site verification.

4. After verification by the Exchange, the warehouse will issue a standard warehouse receipt registration application form to the customer.

5. Members shall fill in the Application Form for Registration of Standard Warehouse Receipts as required, register with the Exchange, and register after confirmation by the Exchange. And issue "standard warehouse receipt holding certificate" to members.

6. Standard warehouse receipts can be used for delivery, transfer, delivery, pledge, etc.

(2) Basic provisions on delivery

1 delivery. Adopt physical delivery method.

2. The physical delivery of customers shall be handled by members and carried out on the exchange in the name of members.

3. Individual customers are not allowed to deliver goods.

4. After the market closes on the last trading day, the Exchange will match the positions in the delivery month by computer according to the principle of "minimum matching number".

(3) Mode of delivery

1. The delivery methods of corn are: futures to spot and rolling delivery.

2. Corn transportation process

Flowchart of converting futures to spot

Rolling delivery flow chart

(From the first trading day of the delivery month to the last trading day of the delivery month)

Rolling delivery flow chart

(Last trading day)

3. Comparison of delivery forms

(4) Delivery fee

1. delivery fee 1 yuan/ton.

2. The warehousing and warehousing fees are subject to the maximum price limit.