1, different definitions
Silver futures refers to a futures contract with the silver price as the subject matter at a certain point in the future, which is a standardized futures contract. Silver td, also known as silver deferred trading, is a spot deferred delivery business in the form of margin.
2. Different delivery
Silver futures stipulate the delivery time, quantity, quality and location. However, silver td does not stipulate a clear delivery period, which can be delivered in time according to the needs of buyers and sellers, or it can be postponed. There is a certain delay rate for delayed delivery, which is generally 2/10000 to 3/10000 of the contract market value for one day.
3. The transfer channel is different from the trading place.
Silver futures trading is conducted on a fixed exchange, and futures contracts can be hedged or delivered at maturity, while silver td trading is generally conducted off-site, that is, investors can trade through banks, and their transfer channels are slower than futures.
4. The trading rules are different.
The silver futures trading unit of Shanghai Futures Exchange is 15 kg/lot, and the minimum change unit is 1 yuan/kg; The trading unit of the standard contract of silver futures is 1 5kg per lot, and the delivery unit is 30kg per warehouse receipt, and the delivery should be carried out at an integer multiple of each warehouse receipt, while the td trading unit of silver is11,000g/lot, and the minimum change unit is 0.0 1 yuan/gram.