2. Commodities delivered at reduced prices in the futures market must meet the relevant national standards.

3. Futures delivery cost accounting is lower than spot price difference.

4, the level of futures delivery income.

In the futures market, commodity futures are usually delivered in kind, while some varieties in financial futures are delivered in kind and some are delivered in cash. Cash delivery does not take physical delivery, but only takes the spot price at the time of delivery as the basis for trading profit and loss and fund allocation.

Therefore, the spot price of cash delivery varieties should have the characteristics of certainty, and it is standard and unique. The regional price difference of agricultural products is very obvious, and it does not have the conditions for cash delivery. The trading target of stock index futures is stock index, which is fictitious and unique and more suitable for cash delivery. At present, domestic gold futures cannot be delivered in kind.

Extended information Although physical delivery accounts for a small proportion in the whole futures contract, it is physical delivery and this potential that make the changes of futures prices synchronized with the changes of related spot prices, and gradually approach with the approach of contract expiration date. Physical delivery is essentially a spot transaction.

The physical delivery in futures trading is the continuation of futures trading, at the junction of futures market and spot market, and it is the bridge and link between futures market and spot market. Therefore, the physical delivery in futures trading is the basis of the existence of the futures market and the fundamental premise for the two major economic functions of the futures market to play. Some enterprises, especially production enterprises, can also effectively avoid the risk of rising raw material prices through physical delivery of futures.

Baidu encyclopedia-futures delivery