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A standard warehouse receipt for egg futures
1, different concepts.

Non-standard warehouse receipt pledge business is a credit business issued by financial institutions to customers, with non-negotiable warehouse receipt and receipt issued by warehousing enterprises as the owner as the specific guarantee method.

Standard warehouse receipt is a physical delivery certificate with the contracted quality issued by the delivery warehouse designated by the futures exchange in accordance with the procedures stipulated by the exchange. Because the standard warehouse receipt is a circulation tool, it can be used as collateral for loans and can also be used for the delivery of financial derivatives such as futures contracts.

2, the content is different

The generation of standard warehouse receipt usually needs to go through warehousing prediction, commodity warehousing, acceptance, distribution, designated delivery warehouse registration and other links. The credit business that can be handled under the warehouse pledge guarantee mainly includes short-term loans, discounting commercial bills, opening bank acceptance bills, opening import letters of credit and other short-term credit businesses.

3. Different implementation standards

The standard warehouse receipt is in the form of standard warehouse receipt, which is a certificate issued by the exchange to represent the warehousing of goods. The holder of the standard warehouse receipt can choose one or more delivery warehouses with different grades to pick up the goods.

4. The legal effect is different.

Due to the different qualifications and procedural standards of issuers, their different legal effects are affected. Standard warehouse receipts have open legal significance, while general warehouse receipts are easy to cause controversy.