Does China Clearing Shanghai Branch apply the system of waiting for delivery and the handling mechanism of goods and money in warrants?

Yes, Deng Zhong Shanghai Branch implements the system of waiting for delivery and the trading mechanism of bank and goods on various warrants. China Clearing Shanghai Branch conducts "pending settlement" on T-day, that is, at the end of T-day, there are enough funds in the settlement reserve account of settlement participants to pay the warrants bought by investors, and China Clearing Shanghai Branch transfers the warrants to the securities account of the buyer investors on T-day; If not, the settlement will be postponed to the end of T+ 1. If there are enough funds in its settlement reserve account at the end of T+ 1 day, China Clearing Shanghai Branch will deliver the warrants to the settlement participants accordingly, and finally transfer them to the securities account of the buyer's investors; If there is still insufficient funds, follow the principle of "money and material disposal". No corresponding warrants will be delivered to the default settlement participants temporarily. However, China Clearing Shenzhen Branch did not implement the "pending settlement" system, and all transactions in the warrant secondary market were settled on the day of T+ 1 according to the principle of "money and goods transaction". See/n575458/n870586/n1335340/n8200134/10779965.html for details.