Look at the settlement price on the futures software.

Calculate the delivery payment according to the settlement price

If you are the seller.

Submit the delivery application on the first day of the delivery date.

The next day, the exchange matched the warehouse receipt.

You can get 80% money on the third day.

The remaining 20% can only be obtained by issuing a VAT invoice.

The seller can apply for warehouse receipt pledge after getting the standard warehouse receipt, and the deposit will be refunded, but your deposit still needs a certain amount of money, because it is debt-free settlement every day, so even if you have warehouse receipt pledge, you will still lose money if you do it in the opposite direction, and it is cash settlement, so you have to leave some money for your deposit to prevent losses.

If you are the buyer.

The exchange will greatly increase your margin before the delivery date.

This deposit is used to pay for the goods.

Enter the delivery date and submit the delivery request. The exchange will let you make up the funds.