I. Warehouse receipt registration 1. Before customers and non-futures company members deliver goods to the delivery warehouse, members shall fill in the delivery forecast form and make a forecast to the delivery warehouse in written form or other forms recognized by the Exchange. If the predicted quantity is large, the exchange may require the owner to provide relevant proof of ownership of the goods. The delivery warehouse shall, within 2 working days from the date of receiving the member's delivery forecast, reply to the member's goods quantity in written form or other forms recognized by the exchange. Within 2 working days from the date of receiving the reply from the delivery warehouse agreeing to warehousing, the member shall pay the delivery forecast deposit of 20 yuan/ton to the delivery warehouse (if the goods stored in the delivery warehouse apply for futures delivery, the delivery forecast is still required, and the delivery forecast deposit is not required). The delivery warehouse will issue a warehousing notice on the day (working day) when it receives the delivery forecast deposit. If you apply for futures delivery of the goods that have been deposited in the delivery warehouse, you should still submit the delivery forecast, and you don't need to pay the delivery forecast deposit. 1 cotton purchasing and storage notice is valid for 40 days (Gregorian calendar day). 2. Incoming Inspection Since the last trading day of September each year (including that day), the Exchange will accept the inspection application for cotton 1 in the new year. When cotton is put into storage, the delivery warehouse receives cotton according to the warehousing notice, original verification certificate and code list. Cotton weight and quality inspection shall be subject to a notarization inspection system. According to the national standard for cotton (GB 1 103-2007) and the Implementation Measures for Notary Inspection of Cotton for Futures Delivery (Trial). Packaging and packaging acceptance shall be implemented in accordance with relevant state regulations. If one of the following circumstances is found during the warehousing process of cotton 1 and before the warehouse receipt registration, the delivery warehouse shall refuse to transfer it to the futures delivery commodity, and notify the member or consignor in time: (1) adulteration makes it fake; (2) mixed batch; (three) serious pollution, water damage, fire, mildew, etc. Or cotton bales with peculiar smell and incomplete packaging; (four) the cotton bag logo does not meet the national standards; (five) the collapse rate is greater than 5%; (6) Annual output of non-cotton; (seven) the moisture regain of a single package is greater than 65438 00%; The moisture regain of single package in a batch of cotton is greater than 9%, or the average moisture regain calculated by batch is greater than 8.5%; (eight) no subject scores; (nine) other items that do not meet the delivery requirements. 3. After the cotton warehousing inspection of the registered warehouse receipt is completed, the delivery warehouse shall apply to the Exchange for the registration of standard warehouse receipt, and the Exchange may register it within 7 working days from the date when the delivery warehouse applies for the registration of warehouse receipt. From 3: 00 pm on the fifth trading day of the delivery month, the exchange will no longer accept the application for registration of standard warehouse receipts for delivery in that month. Standard warehouse receipts formed by registration application after 3 pm on the same day can participate in the purchase of standard warehouse receipts in the current month and delivery in the next month. Where the commodities exempted from inspection stipulated by the exchange are used for futures delivery, they shall apply for registration at the latest on the day before the last trading day of the contract. 2. Cotton futures delivery 1. Matchmaking date: from the first trading day of the delivery month to the trading day before the last trading day, both the buyer and the seller apply for matching delivery at the same time (only one party proposes not to match). After the closing of the last trading day, the computer matches all open contracts according to the principle of rounding up the quantity and minimum matching (automatic closing of the same customer does not match). 2. The day after the notification date is the notification date. On the notification day, the buyer and the seller confirm the delivery notice through the member service system. 3. The third day after the delivery date is the delivery date. The exchange collects the full amount from the buyer member, transfers 80% of the full amount to the seller member on the same day, and delivers the warehouse receipt of the seller member to the buyer member. When the buyer member confirms receipt of the special VAT invoice transferred by the seller member, the balance shall be settled. 4. Special VAT invoice The seller shall provide the buyer with a special VAT invoice within seven trading days (excluding that day) from the delivery date. If the payment is delayed for one to ten days (Gregorian calendar day), the Seller's member shall pay a late fee of 0.5‰ of the payment amount every day; If the special VAT invoice is not paid for more than 10 days (Gregorian calendar day), it shall be deemed that the special VAT invoice has not been paid, and the seller member shall pay 13% of the payment penalty. 5. Delivery settlement price The delivery settlement price is the settlement price of the futures contract on the closing date. 3. Converting futures into spot futures into spot futures means that both parties who hold contracts in the same delivery month reach a spot trading agreement through negotiation, settle their respective future positions at the agreed price, and exchange a considerable amount of payment for goods and objects at the same time. Futures contracts can be cashed from the date of listing to the last trading day of the contract. The period is divided into standard warehouse receipt period and non-standard warehouse receipt period. The standard warehouse receipt is used for cash conversion, and the exchange can transfer payment. When using vegetable oil other than standard warehouse receipt for cash transfer, relevant spot sales agreement shall be provided. The delivery of goods and the transfer of payment for goods shall be determined by the buyers and sellers through consultation, and the disputes arising therefrom shall be settled by both parties themselves, and the Exchange shall not be responsible for this. After the buyers and sellers holding the same delivery month contract reach an agreement, they shall go to the exchange for approval of cash conversion before 2: 30 pm every trading day. With the approval of the Exchange, the future positions held by the Buyer and the Seller shall be closed at the agreed closing price. On the next trading day after the spot cash application is approved, the exchange will handle the transfer of warehouse receipts for the buyers and sellers who have successfully closed their positions. Four. Cancel and deliver warehouse receipt 1. Application and Handling of Cancellation of Warehouse Receipts (Settlement Department) Standard Warehouse Receipts shall be cancelled by members submitting standard warehouse receipts and corresponding certificates of holding standard warehouse receipts to the settlement department of the Exchange. 2. Handling the delivery notice (delivery department) The settlement department issues relevant documents for canceling the standard warehouse receipt according to the application of the member and the standard warehouse receipt of the delivery warehouse, and at the same time recovers the original documents holding the standard warehouse receipt; If there is any surplus, issue a new standard warehouse receipt holding certificate. The member shall issue a delivery notice to the delivery department of the exchange with the standard warehouse receipt cancellation related documents issued by the settlement department. 3. Handling the delivery procedures (delivery warehouse) The customer shall go to the delivery warehouse to confirm the quality of the goods with the delivery notice (original), the consignee's ID card and the certificate of the consignee's unit within five working days from the date when the exchange issues the delivery notice. After there is no objection to the quality of the goods, the customer goes through the delivery formalities, determines the mode of transportation, declares the arrival, destination and consignee, and pays all the expenses in advance. If the customer fails to confirm the quality of the goods within the specified time limit, or fails to go through the delivery procedures, it shall be handled according to the spot bill of lading, and the delivery warehouse will no longer guarantee that the quality of all rapeseed oil meets the futures standards. 4. Cotton transportation: transportation by car, ship and train. In principle, customers provide or apply for transportation; Customers can also entrust the delivery warehouse to apply for transportation; Railway-related expenses shall be borne by customers; Delivery time regulation: entrust the delivery warehouse, if the delivery warehouse cannot be within the specified time (car, ship 10 days; 20) train delivery, free of storage fees; The customer provides the means of transport, and the delivery warehouse starts to deliver the goods from the date when the means of transport arrives at the delivery warehouse, and then stops charging the corresponding storage fee. V. Other precautions 1. Natural person customers are not allowed to deliver. Customers who cannot deliver or receive special VAT invoices are not allowed to deliver. Before entering the delivery month, customers who cannot deliver should close their positions in the delivery month. Since the first trading day of the delivery month, natural person customers are not allowed to open new positions, and the trading ownership forcibly closes the positions of natural person customers in the delivery month. If the undeliverable positions are matched, the Exchange will charge a penalty of 10% of the contract value (calculated according to the settlement price of delivery on the matching date) and pay the penalty to the other party to terminate the delivery. 2. General warehouse receipt customers can extract cotton from one or several delivery warehouses according to the standard warehouse receipt quantity in the standard warehouse receipt. 3. The cotton standard warehouse receiptNo. 1 produced in N years, with the notarized inspection certificate issued before N years165438+1October 30th (inclusive), is valid until the third working day after the contract delivery date in September of N+ 1 year (. For cotton 1 produced in N years, the standard warehouse receipt issued after the date of notarization inspection certificate is N years165438+1October 30th (excluding that date), which is C2 standard warehouse receipt, and the validity period of C2 standard warehouse receipt is N+ 1 year+065438+/kloc. Immutable verb cotton futures delivery fee ① storage fee train transportation: small package 28 yuan/ton; Large package 38 yuan/ton (railway transit, unloading, warehouse transportation, palletizing, etc. ).

Automobile transportation: 15 yuan/ton (unloading, handling, palletizing, etc. ) .② Departure fee for train transportation: small package 30 yuan/ton; Large package 40 yuan/ton (stacking, in-warehouse transportation, railway freight forwarding, loading, etc. ).

Automobile transportation: 15 yuan/ton (stacking, handling, loading, etc. ) .③ Incoming inspection fee and public inspection fee: 25 yuan/ton (number picking fee, handling fee, etc. ).

Incoming reinspection fee: 15 yuan/ton.

Ex-warehouse recheck fee: 15 yuan/ton, and ex-warehouse recheck removes the sampling fee of 25 yuan/ton. ④ Storage fee: 0.6 yuan/ton? 6? 1 day. ⑤ Freight: 4 yuan/ton. ⑥ Handling fee for warehouse receipt transfer and cash transfer: 2 yuan/ton.