One difference between stock index futures and commodity futures delivery is that stock index futures do not need physical delivery at all, but only need daily fund settlement to realize profit and loss and cash delivery.

(1) First delivery date

1. The buyer declares its intention. Within the first delivery date, the buyer submits a letter of intent for the required goods to the exchange. The contents include variety, brand, quantity and the name of the designated delivery warehouse.

2. The seller shall submit the standard warehouse receipt. The seller shall submit to the exchange a valid standard warehouse receipt that has paid the storage fee within the first delivery day.

(2) the second delivery date

Exchange allocates standard warehouse receipts. On the second delivery day, the exchange will issue the standard warehouse receipt to the buyer according to the existing resources and the principle of "time first, quantity rounding, nearest matching and overall arrangement".

For the standard warehouse receipt that cannot be used for the delivery of the next futures contract, the exchange will distribute it to the buyer according to the proportion of the total delivery in the current month.

(3) the third delivery date

1, the buyer pays and takes the bill. The buyer must deliver the payment to the exchange and obtain the standard warehouse receipt before the third delivery date 14:00.

2. The seller collects money. The exchange shall pay the payment to the seller before the third delivery date 16:00.

(4) Delivery on the fourth and fifth days

Traders call on foreign exchange precious metals and sellers to pay special VAT invoices.

If the standard warehouse receipt is delivered in kind in the trading house, its circulation procedure is as follows:

(1) The seller's investor shall submit an endorsement to the seller's brokerage member;

(2) After endorsement by the seller member, it shall be submitted to the Exchange;

(three) after the seal of the exchange, submit it to the buyer's member;

(4) Endorsed by the broker members of the buyer and delivered to the investors of the buyer;

(5) The non-broker members of the buyer and the investors of the buyer shall go through the relevant formalities in the warehouse after endorsement;

(6) After the warehouse or its agent seals, the buyer's non-broker members and the buyer's investors can pick up the goods or transfer the ownership.