Spot.
Also known as physicals, physical goods are physical goods that can be shipped, stored, and used in manufacturing. Cash available for delivery can be exchanged for cash on a spot or forward basis.
Spot. Spot** refers to the transaction of commodities in spot trading**. Spot trading is a buying and selling behavior that is exchanged immediately after the transaction, generally the buyer pays immediately, but it can also take the form of installment payment and deferred delivery. Due to different payment methods, the same spot may often be different in the same period**.
Spot premium. The spot price is higher than the ** price (also known as back), which is a reverse market and a backward market.
Spot discounts. In the market, the spot is lower than the first, the basis is negative, and the forward is higher than the near-term, which is called "premium", also known as "spot discount".
That is, the spot is lower than **.
Spot warehouse receipts. The so-called spot warehouse receipt is a certificate that can be purchased or sold in the designated warehouse in the designated warehouse for a period of time now or in the future. Spot warehouse receipt trading is the buying and selling of spot warehouse receipts in the form of a certain margin.
Spot warehouse receipt trading is very similar to ** trading, which is not only a means of commodity trading, but also a means of financial investment. It differs from ** in definition in that the time at which the underlying goods are delivered at the designated warehouse can be a period of time between the possession of the spot warehouse receipt and the last trading day of the spot warehouse receipt. The ** peace agreement has a clear delivery date of the subject goods.
The history and current status of spot warehouse receipt trading.
On January 22, 1998, the State Economic and Trade Commission, the State Planning Commission, the China Securities Regulatory Commission, the State Administration for Industry and Commerce, the Development Research Center, the State System Reform Commission, the Ministry of Domestic Affairs, the Chinese Academy of Social Sciences, the Beijing Business School, the TV Station, the People's Society and other departments attended the "Commodity Spot Warehouse Receipt Trading Symposium". Professor Tao Fei, an expert in finance and trade economics of the Chinese Academy of Social Sciences, Professor Dong Fuyi, a famous economist, Professor Jiang Ping, a jurist, and Professor Chen Baoying, an expert in the first class, have fully demonstrated the new mode of operation of commodity spot warehouse receipt trading. The above departments, experts and scholars have conducted in-depth and scientific positioning on the feasibility, legitimacy, sustainable development and marketing strategy of commodity spot warehouse receipt transactions from different fields such as economy, politics and law. Spot warehouse receipt trading has been recognized and supported by the best by virtue of its own advantages and rationality, and has a suitable legal status.
There are generally trading venues for trading, and spot warehouse receipt trading is no exception, and its trading venues are the United Commodity Exchange and the Nanjing International Warehouse Receipt Exchange. Through a modern computer network system, the exchange provides an advanced, fast, convenient and safe trading platform for domestic and foreign spot traders, and organizes traders to participate in the trading of spot warehouse receipts for peanut kernels, white sugar, corn, rapeseed, soybeans, wheat, rice and other commodities. Based on the advantages of commodity spot warehouse receipt trading, coupled with the strict management and standardized operation of the exchange, in just a few years, the commodity spot warehouse receipt trading business volume has grown from small to large, and the exchange has a higher reputation in the country, which has been widely praised and recognized by superior leaders, business circles and industry insiders.
Spot warehouse receipt trading.
The so-called spot warehouse receipt transaction is to buy and sell the warehouse receipt in the market (in a broad sense), and the warehouse receipt transaction is a standardized commodity transaction, which is the highest form of commodity. Since warehouse receipt trading is a specific form of trading between finance and commodities, it is strictly managed by the state in China, and warehouse receipt transactions are not allowed to be carried out without the authorization and approval of the state.
Therefore, warehouse receipt trading has a specific interpretation in China, that is, the purchase and sale of warehouse receipts through the authorized commodity trading market designated by the state. In China, the markets (all) that can engage in warehouse receipt trading are: United Commodity Spot Exchange, Shanghai ** Exchange, Zhengzhou Commodity Exchange, and Dalian Commodity Exchange. Its United Commodity Spot Exchange is a professional market for the trading of spot warehouse receipts designated by the state, and the other three exchanges are ** exchanges, which only involve warehouse receipts when they are delivered. **The final settlement in the transaction is the warehouse receipt.
Spot warehouse receipt transaction is a transaction method that takes the warehouse receipt as the transaction object, adopts the computer network organization of the same goods and different places, synchronous centralized bidding, unified matching, unified settlement, and real-time display. This trading method avoids many complex trading links under the traditional trading method, making the transaction more convenient and fast.
Futures for cash. Exchange for Physicals (hereinafter referred to as Futures for Cash) refers to a transaction in which a spot position is changed to a spot position after a spot purchase and sale agreement is reached between the long and short parties holding the contract in the same delivery month.
The method of futures transfer is as follows: the two parties who have reached the agreement jointly apply to the exchange, and after obtaining the approval of the exchange, they will close their respective positions according to the agreement of both parties** by the exchange on behalf of the exchange (the buyer of the spot must hold a long position in the **market, and the seller of the spot must hold a short position in the **market). At the same time, the two parties shall carry out a spot exchange of the same type and quantity of the subject matter of the ** contract according to the spot sale and purchase agreement reached.
Spot options. Spot options are traded with spot in the exchange as the main body, and spot options are only limited to ** exchange.