The first day is matching day. All seller members holding standard warehouse receipts can apply for delivery through seats during the trading period from the first trading day to the last trading day of the delivery month. After applying for delivery without warehouse receipt pledge, release the corresponding trading deposit; Before the market closes on the same day, the seller's members can cancel the application for delivery through their seats, and after canceling the application for delivery, they will receive the corresponding deposit again. In the delivery month, the buyer member has no right to apply for delivery. According to the delivery application of the seller's member, the exchange will find out the buyer's member who holds the forward contract of the delivery month for the seller's member through computer direct matching after the market closes on the same day. Once the delivery relationship is confirmed, the buyer and the seller shall not adjust or change it without authorization.
The next day is the notification day. The buyer and the seller shall sign the delivery notice on the exchange before the market closes on the next trading day of the pairing date.
The third day is the delivery day. The delivery date is the next trading day when the delivery notice is signed by the buyer and the seller. The buyer's member must transfer the unpaid amount to the exchange account before 9: 00 am on the delivery date. The seller's member must submit the certificate of standard warehouse receipt to the exchange before 9: 00 am on the delivery date.