Introduction of egg futures delivery
For the egg industry, egg futures will bring more positive energy to the industry development. As the first animal husbandry futures product in China futures market, the design of its delivery system is one of the key factors that determine the successful operation and function of the product. Let's learn about egg futures delivery. The main feature of the egg futures delivery system is 1. Adopt the standard warehouse receipt system and follow the existing futures variety delivery system. 2. The delivery warehouse shall be in parallel with the delivery factory warehouse, and the delivery system of imported brands shall be established. 3. Take various measures to ensure the quality of the delivered goods. Basic rules for egg futures delivery 1. Individual customers are not allowed to deliver goods. 2. The egg futures contract is physical delivery. 3. The physical delivery of customers shall be handled by members and carried out on the exchange in the name of members. 4. After the closing of the last trading day, the holders of all open contracts must perform through delivery. The position corresponding to the trading position of the same customer number is regarded as automatic liquidation, and delivery is not allowed. The closing price is calculated according to the settlement price of delivery. According to the principle of "least logarithm", the exchange matches the position contracts in the delivery month by computer. 5. The flow of VAT invoice is: the delivery seller's customers issue VAT ordinary invoices to the corresponding buyer's customers, and the VAT ordinary invoices issued by the customers are handed over, collected and verified by the members of both parties, and the exchange is responsible for supervision. The way and process of egg futures delivery include two ways: non-standard warehouse receipt futures to spot delivery and one-time delivery after delivery. 1. Converting non-standard warehouse receipt futures into spot delivery (hereinafter referred to as "spot delivery") means that both parties who hold contracts in the same delivery month reach a spot trading agreement through negotiation, settle their future positions at the agreed price, and exchange a considerable amount of payment for goods and objects. Egg futures are only allowed to be converted into cash during the non-standard warehouse receipt period. The redemption period of non-standard warehouse receipt period of egg varieties is from the date of listing of the contract to the fourth trading day (including the day) from the last trading day. 2. One-time delivery means that on the final delivery date, the seller submits all the standard warehouse receipts and the buyer's payment to the exchange, and the exchange completes the ownership transfer of the goods contained in the futures contract at one time and settles the delivery form of the open contracts between the buyer and the seller. Comparison of two delivery methods delivery fee 1. Delivery fee 1 yuan/ton. 2. Storage fee 6 yuan/ton. 3. The daily loss is 60 yuan/ton.