Commercial banks are a kind of banks, whose main duties are to provide loans, savings and deposits. The main business scope of financial institutions undertaking credit intermediary is to issue loans and absorb public deposits. Ordinary commercial banks have no right to issue money, and their traditional business is mainly loan business and operating deposits. The original concept of commercial banks is because such banks only undertake "commercial" short-term lending business in the early stage of development. Generally speaking, the loan period does not exceed one year, and the loan target is generally import and export traders and businessmen.
People call this kind of bank, which mainly issues short-term commercial loans and absorbs short-term deposits, commercial banks. China's commercial banks refer to enterprise legal persons established in accordance with the People's Republic of China (PRC) Commercial Bank Law and the People's Republic of China (PRC) Company Law to issue loans and handle settlement.
Members refer to: futures brokerage companies, large enterprise hedging and investment companies. They are all members of the futures exchange and have trading seats.
The organizational forms of futures exchanges are divided into company system and membership system. Company futures trading is for profit, while members are not for profit. All exchanges in China are corporate. Members contribute to form an exchange and become clearing members of the exchange. Non-settlement members settle accounts through settlement members.
When you open an account, you just become a customer of the futures company where you open the account, and the futures company will manage the account separately and settle the account for you.
In short, there are only members of the futures exchange and no members of the futures company. The members of a futures exchange can only be legal persons, not natural persons.
Non-futures company settlement members refer to banks that provide settlement services for futures companies. Because they have enough funds as a guarantee, they can apply to become settlement members of the gold exchange, collect settlement fees and bear settlement risks, but they do not participate in futures trading themselves.
At present, China's futures exchange is a membership system, and futures companies are members of futures exchanges. At the same time, some large spot enterprises can also become non-futures company members of futures trading. According to the financial strength of futures companies, some authorized members of China financial futures trading are divided into comprehensive settlement members, and the settlement of other members needs to be handled through these members. These are all internal regulations of the industry and have no influence on investors who operate futures.