5-day delivery method

1、

First delivery date: declaration

-The buyer declares its intention; The seller submits the standard warehouse receipt.

2、

Second delivery date: pairing

-The exchange issues standard warehouse receipts and the buyer pays.

3、

Third delivery date: the buyer takes the warehouse receipt and the seller collects the money (100% of the payment is received at this time).

4、

Fourth and fifth delivery days: the seller pays the special VAT invoice (the brokerage company releases the seller's deposit after receiving the VAT invoice).

Matters needing attention in Shanghai delivery:

1.

Considering the time of transfer, the buyer's customer needs to deposit the delivery money in full into the futures company before the close of the day before the delivery date stipulated by the exchange.

2.

The buyer shall cooperate with the futures company to provide correct billing information in time.

3.

In order to ensure the smooth circulation of warehouse receipts, the seller's customers need to ensure that the standard warehouse receipts are delivered to the Shanghai office of the brokerage company on the last trading day.