For spot firm contract transactions, the buyer must have full funds at the time of quotation. Among them, the Pt99.95 contract needs to add 2% of the physical surplus and deficit clearing reserve, and the seller must have the corresponding physical goods in the trading account when quoting. After the quotation, the corresponding funds or objects will be frozen.

After the quotation, the gold purchased in kind can be sold on the same day or the next trading day, or can be applied for delivery; The purchased platinum cannot be sold in kind, but can only be applied for delivery; 90% of the proceeds from commodity sales can be used for trading on this trading day, and the balance will be settled at the end of the day of the exchange.

Spot spot transaction:

(1) The customer must have a 20% deposit when bidding or selling.

(2) The closing date is T+0. At the end of the closing date, the difference between the buying amount and the selling amount is offset, and 20% of the deposit is frozen according to the settlement price of the day after the closing date, and the difference between the closing price and the settlement price is liquidated. At the end of T+2 trading day, the net position on T+0 will be delivered in kind at the settlement price on T+0.

(3) The Exchange regards the party that fails to perform the physical delivery on T+2 as a breach of the spot contract delivery, deducts the liquidated damages of the breaching party according to the proportion of liquidated damages and pays them to the non-breaching party, and the physical delivery is terminated at the same time. The penalty ratio is 20%.

(4) After the physical delivery, the seller's deposit is converted into a deposit that must issue a special VAT invoice to the buyer. After receiving the VAT deduction invoice, the buyer must inform the Exchange to unfreeze the seller's special VAT invoice deposit within 2 working days.

(5) If the seller fails to deliver the special VAT invoice to the buyer within the specified time limit, it will be deemed as a breach of contract and a fine of 20% of the invoice amount will be imposed. The fine is used to make up for the loss of the buyer's input tax, and the surplus is included in the exchange risk fund; If the buyer fails to inform the exchange in time to unfreeze the seller's deposit after receiving the VAT invoice, resulting in the seller's loss of late fees or liquidated damages, the buyer shall bear the loss.