The purchase, repurchase and sale of warehouse receipts are all based on the purchase and sale of standard warehouse receipts. The warehouse receipt business agreement is signed with the customer through the company's current service department, and the delivery, purchase and sale of warehouse receipts are realized according to the agreement.
1. Warehouse receipt repurchase: to solve the capital turnover of customers, the demand for early delivery, and the financial pressure of the seller's customers to gradually increase the futures margin as the delivery month approaches.
2. Exchange warehouse receipts: to solve the contradiction between the standardization of futures contracts and the diversification of actual needs of enterprises.
3. Warehouse receipt trading: reduce the financial cost of customers' participation in hedging, solve the contradiction between the standardization of futures contracts and the individualization of customers' needs, and avoid the value-added tax risk caused by the inconsistency between the invoicing price and the opening price when customers participate in futures delivery.
4. Spot period of warehouse receipts: solve the mismatch of time limit for customers to participate in the futures market, complete delivery ahead of schedule, and provide a better platform for buyers and sellers to supply and demand warehouse receipts.
There are three modes of warehouse receipt service.
Mode 1: warehouse receipt service agreement repurchase
The agreed repurchase business belongs to the warehouse receipt service business in the pilot business, and its business process is as follows: when the warehouse receipt transfer enterprise (customer) sells the warehouse receipt to the warehouse receipt transferee enterprise (risk management company), it also signs a repurchase agreement and stipulates the relevant terms of the repurchase. The subsidiary pays the money according to the agreed proportion, and after the project expires, both parties complete the transfer of warehouse receipt ownership.
Mode 2: warehouse receipt service warehouse receipt pledge
Warehouse receipt pledge is also a warehouse receipt service business in the pilot business. Warehouse receipt pledge business is mainly a short-term financing business in which customers transfer their standard warehouse receipts to subsidiaries as financing guarantees, and subsidiaries provide customers with a certain proportion of funds according to the pledged standard warehouse receipts.
Mode 3: warehouse receipt exchange warehouse receipt service
Warehouse receipt exchange means that the delivery grade or delivery location of standard warehouse receipts in customers' hands does not meet their own needs, and they exchange the same goods with other customers in exchange for warehouse receipts that meet their own needs, thus meeting their own needs.