I. Definition and nature
Standard warehouse receipt refers to the warehouse receipt made according to the unified standards stipulated by the exchange, and strictly follows the rules and standards formulated by the exchange. Standard warehouse receipts are usually highly standardized and standardized, which is convenient for unified management and trading of exchanges.
Non-standard warehouse receipts refer to warehouse receipts that do not meet the uniform provisions of the exchange, and their production and operation methods are flexible and can be adjusted according to actual conditions. Non-standard warehouse receipt is usually suitable for some special or customized warehouse requirements, and its form and content can be different according to specific circumstances.
Second, trading and liquidity.
The standard warehouse receipt is listed and traded on the exchange, which has high liquidity and convenience. Because of its high standardization, buyers and sellers can conduct transactions more conveniently and reduce transaction costs and time costs.
Non-standard warehouse receipts are usually not listed on the exchange, and their liquidity is relatively poor. Because of the different forms and contents of non-standard warehouse receipts, buyers and sellers need to spend more time and energy on negotiation and negotiation, which increases transaction costs and time costs.
Three. Risk and safety
The standard warehouse receipt has high risk control and safety guarantee because it follows the unified regulations of the exchange. The Exchange will strictly supervise and review standard warehouse receipts to ensure their authenticity and validity and reduce the risk of warehouse receipt fraud.
Non-standard warehouse receipts may have certain risks because of their high flexibility. Due to the lack of unified supervision and audit mechanism, the authenticity and validity of non-standard warehouse receipts may be difficult to guarantee, which increases the transaction risk.
To sum up:
There are obvious differences between standard warehouse receipts and non-standard warehouse receipts in definition and nature, transaction and liquidity, risk and safety. The standard warehouse receipt is highly standardized, which is convenient for the exchange to conduct unified management and trading; Non-standard warehouse receipts are more flexible and suitable for special or customized warehouse needs. When choosing which warehouse receipt to use, we need to weigh and consider it according to the specific situation.
Legal basis:
Contract law of the people's Republic of China
Article 135 stipulates:
The seller shall perform the obligation of delivering the subject matter to the buyer or delivering the documents for extracting the subject matter, and transfer the ownership of the subject matter.
People's Republic of China (PRC) property right law
Article 224 provides that:
Where a bill of exchange, cheque, promissory note, bond, deposit slip, warehouse receipt or bill of lading is pledged, the parties concerned shall conclude a written contract. When the right certificate is delivered to the pledgee, the pledge is established; If there is no certificate of rights, the pledge will be established when the relevant departments handle the pledge registration.