1, the first thing to be clear is. Not all futures are not allowed for delivery by individual investors. Only commodity futures do not allow individual investors to participate in delivery, and financial futures are allowed. Financial futures mainly include stock index futures and treasury bonds futures. Stock index futures are delivered in cash and treasury bonds futures are delivered in kind, but the delivery process is actually to record an account in an individual's treasury bond account.

2. Commodity futures are not allowed to be delivered by individual investors. It is because the commodities delivered by commodity futures are real commodities, and their weight is tons. On the one hand, most investors don't have the storage capacity. On the other hand, if individual investors are allowed to deliver, the requirements for delivery warehouses will be high, and the cost will be high to meet such a large delivery demand.

3. actually. Generally, those who have delivery needs are legal person investors who have hedging needs in production and operation. The purpose of individual investors is to invest, so there is no need to deliver.