Simultaneous Delivery Method (China)
The simultaneous delivery method at the SHFE takes place during a five-day period between the 16th and 20th of each month (except for SHFE fuel oil futures, whose delivery takes place during five consecutive business days after the last trading day) in the following way.
Day 1 - Buyers indicate a willingness to take delivery in writing. Sellers submit valid standard warehouse receipts with storage costs having already been paid.
Day 2 - The exchange distributes standard warehouse receipts, according to time priority as well as quantity, combination, and other considerations, to buyers.
Day 3 - Buyers must make payments to the exchange and receive warehouse receipts before 2 p.m., and the exchange pays the proceeds to sellers before 4 p.m.
Day 4 and 5 - Sellers pay for special invoices on value-added taxes