The state does not prohibit T+0 spot transactions; the state stipulates that commodity spot market transactions can adopt agreement transactions, one-way bidding transactions, and other transaction methods prescribed by the provincial people's government in accordance with the law.

The commodity spot market is a place or Internet trading platform established in accordance with the law, where buyers and sellers conduct open, regular or periodic commodity spot trading activities, and has supporting service functions such as information and logistics. Commodity spot market transaction objects include physical commodities, warehouse receipts with physical commodities as the subject matter, transferable bills of lading and other delivery documents, and other transaction objects prescribed by the provincial people's government in accordance with the law.

Commodity spot market transactions can adopt agreement transactions, one-way bidding transactions, and other transaction methods prescribed by the provincial people's government in accordance with the law. Agreement transaction refers to a transaction method in which the buyer and seller reach an agreement through negotiation and other methods for the purpose of delivering physical goods, and agree on immediate delivery or delivery within a certain period of time.

Extended information:

Relevant requirements for spot transactions:

1. Commodity spot market operators who use modern information technology to carry out trading activities shall conduct real-time Record commodity warehousing, transactions, delivery, settlement, payment and other related information, take measures to ensure the integrity and security of relevant information, and keep it for more than five years.

2. Market operators are not allowed to carry out trading activities prohibited by laws and regulations and the "Decision of the State Council on Cleaning up and Rectifying Various Trading Places to Effectively Prevent Financial Risks", and are not allowed to conduct standardized contract transactions in the form of centralized transactions.

3. Market operators should ensure that the transaction funds of the parties to the transaction are stored in special fund accounts opened by third-party fund depository institutions, and shall not embezzle or misappropriate account funds, and clear them by the sponsoring bank or an independent third party. Institutions clear transaction funds to ensure the safety of transaction funds.

The Central People's Government-three departments issued the "Special Regulations on Commodity Spot Market Transactions (Trial)"