2. For full spot trading, RMB equivalent to the purchased gold bars shall be deposited in the account, and the purchased gold bars can be picked up or sold again, and the picked gold bars can be sold at the comprehensive member counter.
3. The spot deferred settlement transaction refers to the transaction of buying and selling gold bars at the spot price and delaying the physical settlement to any working day after the second working day. Pay a deposit of 8% at the time of transaction, and settle the remaining amount if physical settlement is required; The minimum transaction volume is an integer multiple of 1000g or 1000g.
4. Both spot full transaction and spot deferred transaction can provide delivery information to comprehensive members, and extract or deliver physical gold bars.
At the same time, the delivery fee per gram 14 yuan, and the delivery fee per gram in 6 yuan 14 yuan. The cost of physical delivery is much higher than that of spot deferred delivery transactions.
Verb (abbreviation for verb) trading system
The trading system is a market maker system, which is different from the bidding trading system and is generally adopted by the OTC market. Market maker refers to a securities business legal person with certain strength and credibility as a franchise dealer in the securities market, constantly reporting the buying and selling price of a certain securities to public investors, making two-way quotations, accepting the buying and selling requirements of public investors at this price, and trading securities with investors with their own funds and securities. Market makers maintain market liquidity and meet the investment needs of public investors through this continuous trading. Market makers compensate the cost of providing services through appropriate bid-ask spreads and realize certain profits.