Responsible for the specific delivery process, physical delivery and other business departments. 1. Commodity delivery: When a spot forward contract expires, both parties to the transaction end the expired open contract by transferring the ownership of the commodity contained in the spot forward contract. 2. Delivery mode: The company provides various delivery modes such as scheduled delivery and early delivery. Traders can choose the appropriate delivery method according to their own needs. ▲ Timely delivery: Either the buyer's dealer or the seller's dealer can apply for timely delivery of the goods from 9:30-3:00 on any trading day from the next trading day after signing the electronic trading contract to the delivery date. Before the market closes on the delivery date, the buyer must pay the full amount and the seller must submit the corresponding warehouse receipt. All untransferred electronic trading contracts will automatically enter the scheduled settlement process after the market closes on the settlement day. ▲ Early delivery: Either the buyer's dealer or the seller's dealer can apply for early delivery of goods at 9:30-3:00 on any trading day from the next trading day after signing the electronic trading contract to the trading day before the delivery date. Traders can cancel the application for early delivery before 15:00 pm on the day of submitting the application for early delivery. Before the closing of the market on the day when the delivery application is submitted, the buyer must pay the full amount and the seller must submit the corresponding warehouse receipt. 3. Delivery goods refer to the subject matter approved by this company, registered and published in this company's electronic trading system, and used to deliver electronic trading contracts. 4. Last trading day: refers to the tenth trading day of the month when the contract expires, which will be postponed in case of legal holidays. 5. Delivery start date: refers to the day after the last trading day. 6. Final settlement date: refers to the seventh working day after the settlement is started. 7. Settlement price: refers to the weighted average price of electronic trading contracts in the last two trading days (including settlement date). If there is no transaction in these two days, the average price of the previous trading day will be taken as the settlement price. If there is still no transaction on that day, it will be postponed for one trading day, and so on. This price includes VAT. 8. Settlement covering position: refers to the position held by the dealer in the maturity month is settled according to the settlement price of the last trading day, and the resulting gains and losses are settlement covering position. The calculation formula of delivery replenishment is: the delivery replenishment that the buyer should get is (negative payable): (delivery price-buyer's order price) ÷ 1. 13 × order quantity (ton); The seller's delivery compensation should be (negative payable): (seller's order price-delivery price) ÷6438. 10, regional price difference: the company sets the delivery price difference in different local delivery areas according to the standard delivery areas of the company's trading varieties. 1 1, premium means that the system calculates the grade price difference and regional price difference at the time of delivery, and the delivery party will get more money than before, which is called premium. 12, discount: refers to the discount when the system calculates the grade price difference and regional price difference at the time of delivery, and the delivery can get less money than before. 13. Designated delivery warehouse: refers to a warehousing enterprise that meets the requirements stipulated by the company, applies to the company and obtains the qualification of designated warehouse after approval. The company designates several warehouses as storage places for the goods delivered by the buyers and sellers. The designated delivery warehouses are responsible for checking the external state of the goods, issuing inventory certificates, and providing warehousing and loading and unloading services. The distributor shall deliver the goods at the delivery warehouse designated by the company. The company has the right to add, suspend or cancel the designated warehouses. 14. bill of lading: refers to the title certificate that the buyer's dealer transfers all the payment to the bank settlement fund account designated by the company according to the agreement, and the company confirms that the ownership of the goods contained therein has been transferred to the buyer's dealer. The bill of lading is only used to pick up the delivered goods from the delivery warehouse designated by the company and put them into the warehouse again. Do not directly participate in the transaction or use it for guarantee purposes. 15. The inventory certificate refers to the property right certificate uniformly printed by the company and sent to the seller's distributor by the delivery warehouse designated by the company, which proves that the distributor stores the goods in the designated delivery warehouse. Inventory vouchers are only used to register warehouse receipts, and may not directly participate in transactions or be used for guarantees. 16. Delivery breach: refers to the behavior that the buyer fails to pay the payment in full and the seller fails to deliver the standard warehouse receipt in full within the specified time. 17. Standard warehouse receipt: refers to the certificate of commodity rights and interests used by traders in the company's electronic trading system for trading or settlement. After storing the goods in the delivery warehouse designated by the company, the distributor can obtain the inventory certificate issued by the designated delivery warehouse, which can be used for trading, transfer and pledge after being registered by the company and becoming a warehouse receipt. 19. Cancellation of standard warehouse receipt: refers to the process that the legal holder of standard warehouse receipt goes to the company to go through the formalities of recovery and circulation of standard warehouse receipt. 20. Standard Warehouse Receipt Pledge: refers to the act that a dealer transfers the certificate holding the standard warehouse receipt to our company for possession as a guarantee for its performance of the margin debt upon the approval of our company. The standard warehouse receipt pledge is limited to the transaction margin, but the losses, expenses, taxes and other funds must be settled in monetary funds.