standard warrant refers to the receipt issued by the exchange certified delivery warehouse to consignor via the exchange’s standard warrant management system for taking delivery of commodities. delivery of the exchange’s contracts on various futures products will be conducted in the form of electronic warrant delivery.
warrant businesses related to non-ferrous metals, ferrous metals and precious metals, energy and chemicals include generation of warrant, cancellation of standard warrant, etc., whose corresponding management system mainly involves detailed rules on business like the rules on standard warrant management, the detailed settlement rules, the pilot implementing rules on delivery of fuel oil futures, the pilot implementing rules on delivery of gold futures and the implementing rules on delivery of petroleum bitumen futures.