Futures-to-spot trading (hereinafter referred to as futures-to-spot trading) refers to the operation that a member or customer who holds a contract with the same variety and the opposite direction in the same month applies to the futures exchange after reaching an agreement through consultation. After the exchange agrees, the futures exchange will close the position on behalf of the two parties, and at the same time exchange warehouse receipts with the same variety, and the number and direction of the subject matter of the futures contract are equal according to the price agreed by both parties. Its advantages are as follows.

What are the benefits of cash transfer?

1 cash conversion is more convenient than buying and selling spot after liquidation.

The second stage of cash transfer is more favorable than forward contract trading and physical delivery of futures.

3. Processing enterprises and production and operation enterprises can effectively save futures delivery costs by using the period:

(1) A series of distribution costs such as handling, sorting and packaging;

(2) Be able to flexibly agree on the delivery level, place and method;

③ It can effectively improve the utilization efficiency of funds;

(4) Processing enterprises can purchase raw materials by stages according to their needs, thus effectively reducing capital pressure and inventory.

Note: Futures investors with relevant needs should pay attention to two points when cashing in with standard warehouse receipts: First, remember to consider the interest and storage saved by early delivery of warehouse receipts; Second, when using goods other than standard warehouse receipts for cash transfer, we should consider the savings of transportation and miscellaneous fees, storage fees and interest, as well as the grade difference of their goods.