When buying and selling by installments, traders can choose to deliver or postpone delivery on the contract trading day, and at the same time introduce a deferred compensation mechanism to stabilize the contradiction between supply and demand. This trading mode can provide hedging function for gold producers and users, and also meet the investment needs of investors, with low investment cost and high market liquidity; At the same time, it also provides investors with a short-selling mechanism and trading platform, which is suitable for investment and financial management.
The main differences between spot gold deferred settlement business and spot gold business are as follows:
1, which introduced the call auction process before the opening;
2. The down payment system shall be implemented during the transaction;
3. In the process of trading, introduce the concept of position;
4. In the delivery link, neutral warehouse and delay compensation mechanism are introduced to meet the delivery demand and stabilize the contradiction between supply and demand;
5, the end of the day settlement, the implementation of the daily debt-free system.