(1.) Delivery process?

Physical delivery refers to the process that when a futures contract expires, both parties to the transaction settle the expired open contract by transferring the ownership of the goods contained in the futures contract. ?

After the last trading day of the contract, all holders of open contracts must perform the contract through physical delivery. The physical delivery of investors must be handled by members and carried out on the exchange in the name of members. ?

Investors who cannot deliver or receive special VAT invoices shall not deliver them. ?

Physical delivery must be completed within the delivery period stipulated in the contract. The delivery date refers to 16 to 20 of the contract month. If the last trading day falls on a legal holiday or the delivery date falls on a legal holiday, the delivery date will be postponed accordingly and five delivery days will be guaranteed. These five delivery days are called the first, second, third, fourth and fifth delivery days respectively, and the fifth delivery day is the final delivery day. ?

( 1)? The first delivery date?

1. The buyer declares its intention. Within the first delivery date, the buyer submits a letter of intent for the required goods to the exchange. The contents include variety, brand, quantity and the name of the designated delivery warehouse. ?

2. The seller shall submit the standard warehouse receipt. The seller shall submit to the exchange a valid standard warehouse receipt that has paid the storage fee within the first delivery day. ?

(2)? Second delivery date?

Exchange allocates standard warehouse receipts. On the second delivery day, the exchange will issue the standard warehouse receipt to the buyer according to the existing resources and the principle of "time first, quantity rounding, nearest matching and overall arrangement". ?

For the standard warehouse receipt that cannot be used for the delivery of the next futures contract, the exchange will distribute it to the buyer according to the proportion of the total delivery in the current month. ?

(3)? The third delivery date?

1, the buyer pays and takes the bill. The buyer must deliver the payment to the exchange and obtain the standard warehouse receipt before the third delivery date 14:00. ?

2. The seller collects money. The exchange shall pay the payment to the seller before the third delivery date 16:00. ?

(4)? Delivery on the fourth and fifth days?

The seller pays the special invoice for VAT. ?

(2) warehousing and warehousing

The consignor shall apply for warehousing declaration (delivery forecast) before delivering the goods to the designated delivery warehouse. ?

The contents of warehousing declaration include variety, grade (brand), trademark, quantity, delivery unit, name of designated delivery warehouse, etc. , and provide various documents, etc. ?

Investors should entrust members of securities firms to handle the delivery forecast (warehousing declaration) procedures. ?

When the storage capacity allows, the Exchange will decide whether to approve the storage within 3 trading days, taking into account the wishes of the client. The owner shall deliver the goods to the delivery warehouse specified in the approved warehousing declaration within the validity period stipulated by the exchange. Goods that are put into storage without the approval of the Exchange or are not put into storage within the prescribed period of validity shall not be used for delivery. ?

After the goods arrive at the designated delivery warehouse, the designated delivery warehouse shall check the arrival situation and relevant documents in accordance with the relevant regulations of the Exchange. After acceptance, the designated delivery warehouse shall input the warehousing acceptance results into the standard warehouse receipt management system. A member submits an application for making a standard warehouse receipt to the Exchange, and the standard warehouse receipt can be issued only after it is approved by the Exchange. ?

When the goods arrive at the warehouse for acceptance, the owner shall go to the designated delivery warehouse for supervision; If the consignor fails to inspect the goods in the warehouse, it shall be deemed that the consignor agrees to designate the delivery warehouse for inspection. ?

When the legal holder of the standard warehouse receipt picks up the goods, the designated warehouse should pick up the goods after checking the standard warehouse receipt. The owner can pick up the goods at the warehouse by himself or entrust the designated warehouse to pick up the goods on his behalf, but when entrusting the designated warehouse to pick up the goods on his behalf, the owner shall go to the warehouse to supervise the delivery. If the owner does not come to the warehouse to supervise the delivery, it will be deemed that the delivery is correct from the designated delivery warehouse. ?

After the delivery of the goods in the designated delivery warehouse is completed, the Report on the Delivery of Goods in the Designated Delivery Warehouse of Shanghai Futures Exchange (in duplicate, one for the entrusting party and one for the designated delivery warehouse) shall be filled out in time, and the corresponding standard warehouse receipt shall be stamped with the special delivery seal, paired with the warehouse and properly kept for future reference.

3. Delivery cost

Both parties who make physical delivery shall pay the delivery fee to the Exchange respectively. Copper 2 yuan/ton?

Charges for designated delivery warehouses of copper, aluminum and zinc

Specify the delivery warehouse price? Main operation contents

Storage rent? On a daily basis, the rent is calculated from the date when the goods arrive at the warehouse.

1. Warehouse? 0.40 yuan/ton * day?

2. Freight yard? 0.25 yuan/ton * day?

How much is the storage fee? Unloading to the cargo space includes sorting goods according to marks, surface inspection, quantity and weight inspection, document inspection, lifting and palletizing, coding counting and marking, establishing account cards and issuing warehouse receipts.

1. Dedicated line? 24 yuan/ton?

2. Self-delivery? 15 yuan/ton?

Outbound call fee? Verify delivery, loading, issuing exit card, warranty of code table, warehouse verification, etc.

1. Dedicated line? 24 yuan/ton?

2. bring your own? 10 yuan/ton?

Transfer fee? 3 yuan/ton? Change the warehouse receipt name, withdraw the original warehouse receipt, issue a new warehouse receipt, and adjust the corresponding accounts in the warehouse.

Sorting fee? 5 yuan/ton? Sorting and palletizing of loose packages and mixed packages.

Agent station wagon application 5 yuan/ton? Implement the truck plan.

Agent delivery? 2 yuan/ton? Receiving, delivering and handing over goods (excluding transportation costs)

Urgent fee? 3 yuan/ton? The workload that cannot be completed during normal operation can be expedited according to customer requirements, and the expedited fee can be increased.