Futures: it is a standardized tradable contract with cotton, soybeans, oil and other bulk products and financial assets such as stocks and bonds as the target.

Spot transaction: Spot transaction is also called "spot foreign exchange transaction". After the establishment of foreign exchange transactions, foreign exchange receipts and payments should be handled on the same day or within two working days. This kind of receipt and payment behavior is called delivery, that is, one party delivers a currency and the other party delivers foreign exchange, "money and goods are distinct." The qualified delivery date must be the business day of both currency issuing countries. In case of holidays, it will be postponed to the next working day.