Silver T+D, also known as silver TD, can also be called silver deferred trading, that is, deferred trading. It is a silver investment business launched by Shanghai Gold Exchange in 2004 and officially opened to individuals in 2008. The product code is AG(T+D).

The first is flexible trading hours, which is more suitable for investors who work during the day.

The second is that gold and silver T+D adopts the margin model, which uses the leverage principle, with less investment and low investment threshold.

Third, unlike futures, there is no delivery time limit.

Receipt and payment date of deferred charges: Ag(T+D) is the natural day of receipt and payment, Au(T+N 1) contract is the last trading day of odd-numbered months (liquidation before delivery does not involve receipt and payment of deferred charges), and Au(T+N2) contract is the last trading day of even-numbered months (liquidation before delivery does not involve receipt and payment of deferred charges).

Deferred rate: Ag(T+D) is 0.10 ‰ (ranging from 2 to 3)/day of the contract market value, depending on the bank; Au(T+N 1) and Au(T+N2) are one percent/two months of the contract market value.