Settlement includes the exchange’s settlement for members and the futures brokerage company’s members’ settlement for their clients. Payment is the act of the payer paying all or part of the bill amount to the holder to eliminate the bill relationship.

Settlement is the accounting and settlement of economic receipts and payments that occur in commodity transactions, labor supply, etc. within a period. It includes two processes: accounting and payment, that is, payment will be made after the accounting is accurate. Payment is a part of settlement and is the act of the payee paying all or part of the amount of the bill to the holder to eliminate the bill relationship.

The settlement is cash settlement, that is, payment is made directly in cash. Transfer settlement means transferring money from the paying unit's account to the receiving unit's account through the bank. Among the total currency receipts and payments handled by banks, transfer settlement accounts for more than 95%, which is the main form of currency settlement.