This is good for the stock market, but it is not good or bad. More often, the risk problems in the stock market are partly transferred to the futures market. For many investors with large funds, they can short the stock index in the futures market to ensure their own income.
Stock delivery refers to the procedure that the buyer pays cash to get the stock and the seller hands over the stock to get the cash after the stock is bought and sold. The process of stock trading includes two stages: the establishment of trading agreement and the performance of trading agreement. The former is usually called transaction, and the latter is called delivery. Some deliveries are made immediately after the transaction is completed, which is called same-day delivery.
Some deliveries are completed within a certain period of time after the transaction, including regular daily delivery stipulated by the exchange and special daily delivery by buyers and sellers, such as delivery on the issue date of new shares. The delivery procedure is usually handled by the clearing company. If an investor sells and buys stocks, some accounts can offset each other, and finally only the net difference can be delivered or collected.
After the delivery is completed, the new shareholders shall go through the transfer formalities at the stock issuing company and register in the company's register of shareholders. At this point, the stock exchange was finally completed.
Delivery is the activity that investors pay off the price and transfer the stock after buying and selling the stock. Investors should pay off the price and receive shares within the prescribed time limit after the transaction is completed. Similarly, after selling the shares, you should deliver the shares within the specified time and receive the price. This is an indispensable link in the process of stock trading and a procedure that must be fulfilled.
At the daily closing of the stock exchange, the liquidation department calculates the net amount of each securities firm's receivable and payable price offset and the net amount of each securities receivable and payable price offset according to the quantity and price of various securities bought and sold by each securities firm recorded in the "floor trading list" of that day, and compiles the "summary table of liquidation and delivery" of that day and distributes it to the liquidation and delivery personnel of each securities firm. The liquidator of a securities company shall, after receiving the "clearing and delivery slip" and checking that it is correct, prepare the "delivery list" of the company on the same day and go through the delivery procedures.
According to the regulations of Shenzhen Stock Exchange, once a transaction is concluded, the market representative should inform his business place to prepare the transaction report as soon as possible, notify the customer (or make an announcement in some form) on the second business day after its establishment, and go through the delivery formalities on the afternoon of the same day.
The transaction report shall be prepared in a unified format as prescribed by the Exchange. Buyers print in red and sellers print in blue. The transaction report shall record the customer name, shareholder code, transaction date, type of securities, number of shares or denomination, unit price, commission, handling fee, tax paid, receivable or payable amount, number of on-site transaction receipts, etc.