Before the full spot transaction, the customer must deposit RMB funds equivalent to the gold bars to be purchased in the account designated by the exchange, and the purchased gold bars can be withdrawn or sold again. If customers need to sell the delivered gold bars, they can sell them directly through the company counter. The actual delivery place of the deferred delivery transaction is the delivery warehouse designated by the Exchange. Customers who hold long positions in gold can make a delivery declaration to the company from 10 to 4: 00 pm every trading day (customers must deposit the full amount in their margin account before that) and withdraw the physical gold; Customers who hold short positions in gold make a delivery declaration to the company from 10 to 4: 00 pm every trading day, hand over the gold bars to the company, settle the payment and complete the delivery. The quantity of physical gold that the customer applies for delivery must be an integer multiple of1000g, and the minimum delivery quantity is1000g. The specific delivery quantity and terms of delivery and payment are as follows:
Note: In case of delivery in default, the breaching party shall pay liquidated damages to the observant party in proportion to the down payment.