The standard warehouse receipt of futures is a physical delivery certificate with the contracted quality issued by the delivery warehouse designated by the futures exchange in accordance with the procedures stipulated by the exchange.
Because the standard warehouse receipt of futures can be used as a circulation tool, as collateral for loans and as collateral for delivery of futures contracts.
The standard warehouse receipt shall take effect from the date of issuance by the exchange. Registered warehouse receipt means that the spot dealer delivers the goods that meet the delivery standards to the delivery warehouse of the exchange. After the delivery warehouse passes the inspection, it will issue a standard warehouse receipt to the holder and go through the registration formalities with the delivery department of the exchange. According to the relevant regulations, only when the goods meet the futures delivery conditions and are inspected and registered in the warehouse can they become warehouse receipts and participate in futures trading.
Standard warehouse receipt is an important part of futures inventory data and one of the important information bases for judging market ups and downs.