Compared with rolling delivery and one-time delivery, futures cash transfer has some advantages: first, buyers and sellers can specify the time of payment conversion in advance, the application time of cash transfer is before the penultimate trading day one month before the delivery month, the seller's customer can recover the payment in advance, and the buyer's customer can get the warehouse receipt in advance; Second, the buyer's customer can receive the warehouse receipt from a local warehouse, which avoids the worry that receiving the warehouse receipt from an uncertain warehouse will require additional transportation costs; Third, it can save the delivery cost of buyers and sellers. By converting the term of non-standard warehouse receipt into cash, the seller's goods can be transported to the delivery warehouse designated by the exchange, which can be located in the inventory position close to the buyer's customers, saving costs for both customers.