Some standard content:
GB/T 18769—2003
This standard is a revision of GB/T18769—2002 "Standards for Electronic Trading of Bulk Commodities". Compared with GB/T18769—2002, this standard has the following major changes:
-It is clearly stated that the scope of application of the standard is the electronic trading activities of bulk commodities in the spot field (see the introduction and Chapter 1);-The qualifications of traders are clearly limited to the spot field (see 3.3.1 and 3.3.2);The business procedures of electronic trading are revised to correspond to the spot trading process as much as possible (Chapter 8 of the 2002 version; Chapter 4 of this version);
-The requirements for logistics supporting services are clearly put forward (see 3.2.3 and 3.4.3)The structure of the standard is adjusted, and the chapters describing the requirements for the parties involved are merged (Chapters 3, 4, 5, 6, 7, 9 and 10 of the 2002 version; Chapter 4 of this version). This standard is one of the standards in the field of logistics in my country involving warehousing, commodity trading and value-added services. The relevant standards formulated or to be formulated at the same time as this standard are:
Digital warehouse application system specification;
Logistics warehousing business service specification;
Material bank business service specification.
This standard is proposed and managed by the China Federation of Logistics and Purchasing. The drafting units of this standard are: China Storage Logistics Online Co., Ltd., China General Chamber of Commerce, Xi'an Jiaotong University, China Material Storage and Transportation Association, Guangxi Sugar Central Wholesale Market, China Material Storage and Transportation Corporation. The main drafters of this standard are: Meng Guoqiang, Feng Gengzhong, Yu Yang, Li Wenfeng, Huang Jiujiu, Niu Haidong, Zhou Nan, Liu Xubo, Zhang Pengzhu, Zhang E, and Lv Liangbao.
GB/T18769—2003
With the vigorous development of the Internet, it has become inevitable to conduct electronic transactions with the help of the Internet. Under the situation of global economic integration, we are required to establish a model that combines traditional industries, tangible markets and e-commerce that is suitable for China's national conditions as soon as possible to cope with international competition. This standard is formulated on the basis of extensive collection of relevant information on domestic bulk commodity transactions, combined with the characteristics of spot electronic transactions, and in accordance with the contents of relevant laws and regulations such as the Contract Law, Auction Law, and Computer System Security Protection Regulations promulgated by the state. This standard is a management technical standard. The legal norms involving the behavior of market entities are handled in accordance with the regulations of relevant national management departments. This standard is used to regulate the bulk spot electronic transaction mode, so that the spot wholesale market can adapt to the development of modern economic technology in a healthy and orderly manner, promote the improvement of the spot wholesale market, develop logistics distribution, and promote the modernization of circulation. 1 Scopebzxz.net
Bulk Commodity Electronic Trading Specifications
This standard specifies the requirements for participants in bulk commodity spot electronic transactions and the business procedures for electronic transactions. GB/T 18769—2003
This standard applies to electronic trading activities of bulk commodities in the spot field, especially electronic trading activities in the spot wholesale market, and does not apply to futures trading.
2 Terms and Definitions
The following terms and definitions apply to this standard. 2.1
Bulk Commodity bulkstock
Material commodities that can enter the circulation field but are not in the retail stage and have commodity attributes and are used in industrial and agricultural production and consumption in large quantities.
Note: Bulk commodities are the subject matter of electronic trading in this standard. 2.2
Data electronic text Information generated, stored or transmitted by electronic means, optical means or similar means, such means include electronic data interchange (EDI), e-mail, telegram, telex or fax, etc. 2.3
Electronic transaction Transactions conducted on the Internet using the communication means provided by the network. 2.4
Electronic trade center provides traders with an e-commerce platform for spot trading in a timely manner and can provide supporting logistics services. 2.5
Trader
A corporate legal person who conducts electronic trading of bulk commodities in the Electronic Trading Center after review and approval by the Electronic Trading Center in accordance with relevant laws and regulations and the relevant provisions of the Electronic Trading Center's Articles of Association. 2.6
Transfer warehouseA third-party business department that is approved and entrusted by the Electronic Trading Center and is responsible for inspecting and storing the bulk commodities traded by traders and providing corresponding guarantees, and providing related logistics services for electronic transactions. Note: The commodity inventory and dynamic information of the delivery warehouse is the source of information on the inventory and transaction status of the Electronic Trading Center. 2.7
Balance bank
A settlement bank is a bank designated by the Electronic Trading Center to assist the Electronic Trading Center in transaction settlement and fund transfer. 3 Participants in electronic transactions
3.1 General Provisions
The electronic transaction center provides traders with transaction, logistics, finance, information and other services related to electronic transactions, and formulates and implements management systems GB/T18769--2003
, supervises the behavior of other transaction participants, and ensures that transactions are safe, reliable and fair. The electronic transaction center qualifies the traders, delivery warehouses and settlement banks participating in electronic transactions, and signs contracts with each other to clarify their mutual relations and rights and obligations. The delivery warehouse cooperates with the electronic transaction center to provide logistics services, and is responsible for the safekeeping of bulk commodities traded on the electronic transaction system platform according to the contract requirements, and provides logistics guarantees for electronic transactions. The settlement bank cooperates with the electronic transaction center to provide financial services, and is responsible for the supervision and guarantee of the electronic transaction capital flow according to the contract requirements.
3.2 Electronic Transaction Center
The electronic transaction center is approved for establishment in accordance with relevant national regulations. Provide a reliable, secure and open electronic transaction system platform, and maintain the electronic transaction information management system. The electronic trading center shall formulate charters, transaction process documents and documents to ensure the effective operation and control of the process. Manage and supervise the conduct and performance of transactions, and adopt necessary risk control systems to ensure the performance of contracts. 3.2.1 Infrastructure
The infrastructure requirements for conducting electronic transactions are as follows: a) Business premises and facilities that meet the requirements of electronic transactions; b) Designated delivery warehouses that meet the requirements of storage and other logistics supporting services; c) Complete electronic transaction facilities and communication conditions to meet 24-hour service; d) An electronic transaction system that can ensure the operation and control of the electronic transaction process in accordance with the requirements of this standard; e) The ability to provide supporting logistics distribution services; [) The ability to grasp the goods situation of the delivery warehouse in real time; g) Comply with the provisions of relevant laws and regulations. 3.2.2 Trading services
The trading services that the electronic trading center should provide are as follows: a) Formulate and implement electronic trading business rules; arrange commodity listing and trading;
c) Manage and supervise the electronic trading, settlement and delivery process of bulk commodities; have risk prevention measures and ensure the implementation of the measures; d)
Supervise the performance of the electronic trading contract of bulk commodities and have measures to ensure the performance; e)
Monitor and record the credit status of traders, and improve the credit of online transactions through a fair credit rating system, and guide standardized and trustworthy trading style. 3.2.3 Logistics supporting services
The logistics supporting services that the electronic trading center should provide are as follows: Provide traders with timely and convenient warehousing services and agency transportation services; a) 1
b) Designate the delivery warehouse and ensure that the business process of the delivery warehouse is controllable; c) Guarantee the authenticity of the transaction goods together with the delivery warehouse, and have corresponding measures to ensure it. 3.2.4 Information Services The electronic trading center shall provide the following information services related to electronic trading: provide information on the process of electronic trading, settlement and delivery, and ensure that the information is complete, secure and controllable; a) timely provide publicly available information of the parties involved in electronic trading; b) have the ability to provide comprehensive industry information, market conditions and analysis related to the transaction; c) the period for which transaction information can be queried shall not be less than the period for seeking recourse for contractual economic disputes; d) public information published by the electronic trading center shall be accessible at any time through the Internet; e) ensure the security of the core information of the dealer and prevent the relevant information from being improperly used; have perfect system security, data backup and fault recovery means to ensure the security, completeness and accuracy of the dealer's transaction data; ) reliably encrypt the dealer's information, transaction instructions and sensitive information of the transaction process; h) ensure the correct identification and authentication of the dealer's identity and the non-repudiation of transaction information through reliable and effective technical and management measures.
3.2.5 Document requirements for electronic trading centers
3.2.5.1 General Provisions
The electronic trading system documents of the electronic trading center shall include: a) Articles of Association of the Electronic Trading Center;
The management of the participants of electronic trading;
c) The management regulations of each process and link of electronic trading; d) The procedures for the formation of documents required by this standard; e) Other documents required to ensure the effective planning, operation and control of the relevant trading process. 3.2.5.2 Articles of Association of the Electronic Trading Center
The Articles of Association of the Electronic Trading Center shall include the following main contents: Purpose and functions;
b) Name, address and business premises;
Registered capital;
d) Business term;
The establishment, powers and rules of procedure of the organizational structure; the generation, appointment and removal of management personnel and their duties; basic business rules;
Financial and internal audit system
i) Conditions, procedures and liquidation methods for changes and terminations; Articles of Association amendment procedures;
k) Other matters that need to be stipulated in the Articles of Association. 3.2. 5. 3
Transaction process documents
GB/T18769--2003
The management regulations of the electronic transaction center for the electronic transaction process should contain the following basic contents through a series of documents: the location and time of the electronic transaction;
b) the mode of the electronic transaction;
the electronic transaction goods and delivery period;
d) the suspension, resumption and cancellation procedures of the electronic transaction; the electronic transaction procedures and their management system;
the electronic transaction contract and its management system;
the procedures for handling abnormal transaction situations;||t t||h) Dealer management methods;
Delivery warehouse management regulations;
Delivery management system;
k) Transaction settlement system;
Electronic transaction risk control system;
Transaction information release method;
Violations and breaches of contract and their handling methods: n
Warehouse receipt management methods;
Security guarantee measures for electronic transactions;
Credit guarantee measures for electronic transactions;
Methods for handling transaction disputes;
Other matters that need to be clarified in the transaction business rules. 3
GB/T18769—2003
3.2.6 Information Disclosure
The electronic trading center shall publish the basic information of the electronic trading participants through the Internet and other easily accessible means, including: name, company profile, service scope and capabilities, contact information, etc., the credit status of the dealer, and the real-time market information of electronic trading, including: commodity variety, delivery time, transaction price, rise and fall, number of purchase and sale declarations, number of transactions, order quantity, etc. 3.3 Dealers
Traders are the buyers and sellers of electronic trading of bulk commodities. Dealers shall abide by the trading regulations of the electronic trading center, accept the supervision of the electronic trading center, and cooperate with the work of the electronic trading center. 3.3.1 Selection
Traders are corporate legal persons registered in the People's Republic of China and engaged in spot production, operation and consumption activities related to the trading commodities, and have good credit. They shall obtain the qualification of dealers with the approval of the electronic trading center. The transfer or inheritance of the qualification of dealers shall be approved by the electronic trading center and the relevant procedures shall be fulfilled. 3.3.2 Trading requirements
Traders participating in electronic trading shall comply with the following requirements: a) Traders can only act as agents for enterprises in the industry to buy and sell commodities, and shall not act as agents for the public to invest; b)
Traders shall abide by the law, fulfill contracts, and trade fairly; Traders shall protect their trader accounts and passwords, and be fully responsible for the consequences of using their accounts in the electronic trading center; c)
Traders shall comply with the articles of association, trading business rules and relevant regulations of the electronic trading center; e)
Traders shall sign corresponding agreements with settlement banks and open accounts with the settlement banks of the electronic trading center; f)
Traders shall ensure the authenticity of the materials provided and bear corresponding responsibilities; accept the business management of the electronic trading center. When the electronic trading center exercises its management authority, it may investigate traders in accordance with the authority and procedures stipulated by the electronic trading center, and traders shall cooperate; h) Comply with relevant laws, regulations and relevant regulations of the electronic trading center. 3.3.3 Cancellation
Traders who no longer participate in transactions in the Electronic Trading Center shall apply for the cancellation of their qualifications. Traders who have not completed the cancellation procedures shall be fully responsible for all actions that occur due to their accounts. 3.4 Delivery Warehouse
The delivery warehouse is identified by the Electronic Trading Center and is the storage place for electronic trading commodities. The delivery warehouse is responsible for the storage of commodities and the inspection of their external quality.
The Electronic Trading Center signs an agreement with the delivery warehouse to clarify the rights and obligations of both parties. The Electronic Trading Center supervises and manages the delivery warehouse's business related to electronic transactions. The delivery warehouse cannot participate in electronic trading activities related to commodities. 3.4.1 The following conditions should be met when selecting a delivery warehouse: a) a corporate legal person registered in the People's Republic of China with good credit; b) a warehousing business license from the warehousing authority where the warehouse is located; the warehouse infrastructure and management system meet the requirements of electronic transactions; d) the ability to provide supporting logistics services and information services required for electronic transactions; e) recognition of the transaction business rules and delivery system of the electronic transaction center; f) other conditions stipulated by the electronic transaction center. The electronic transaction center selects the best warehousing enterprises based on the investigation and evaluation results, and signs a delivery warehouse agreement with them to clarify the rights and obligations of both parties. Pay risk deposit and accept supervision and inspection organized by the electronic transaction center. 3.4.2 Infrastructure
The infrastructure of the delivery warehouse should meet the following conditions:4
GB/T18769--2003
a) The yard and warehouse have a certain scale, and have the conditions to store the listed commodities of the electronic trading center, the equipment is intact and complete, and the measurement meets the prescribed requirements;
Transportation conditions that meet the requirements of transportation and distribution: c)
Good business reputation, perfect warehouse management rules and regulations; strict and perfect commodity inspection and testing system, commodity entry and exit system, Inventory management system, etc.; d)
Recognize the transaction business rules, delivery system, etc. of the electronic transaction center; fixed assets and registered capital should reach the amount specified by the electronic transaction center; f) [
Good financial status and strong risk resistance; g)
A warehousing business management information system that meets the requirements of storage and logistics services. The system can reflect the dynamic situation of the stored materials in real time and accurately, and communicate with the electronic transaction center in real time; i) Other conditions specified by the electronic transaction center. 3.4.3 Services provided
The delivery warehouse provides the following services:
Cooperate with the electronic transaction center to provide logistics and distribution services; a)
Keep the goods in the warehouse in accordance with regulations to ensure the safety of the goods; have the ability to handle the transportation of the delivered goods;
After the goods are inspected and qualified, generate warehouse receipts in accordance with regulations; d)
The delivery warehouse shall guarantee the quantity and appearance quality of the delivered goods represented by the warehouse receipt; e)
Cooperate with the electronic transaction center to carry out information release and inquiry; keep the business secrets related to the transaction;
Report to the electronic transaction center in real time as required h)
When the storage time of the stored goods exceeds the validity period stipulated by the commodity (quality) inspection, the delivery warehouse shall promptly remind and assist the owner to entrust the national recognized commodity (quality) inspection department to re-inspect the stored goods; j)
When the transaction parties have a dispute over the quality of the goods, the delivery warehouse shall cooperate with the transaction parties to go to the national recognized commodity (quality) inspection department for re-inspection;
k) According to the standards stipulated in the transaction contract, the goods used for delivery shall be inspected and accepted by the warehouse; the inspection of the goods by the seller and the delivery warehouse shall be jointly carried out, and the inspection results shall be recognized by both parties. 3.4.4 Cancellation
If the delivery warehouse abandons the qualification of delivery warehouse, it shall submit a written application for abandonment of the qualification of delivery warehouse to the electronic transaction center, and it shall be reviewed and approved by the electronic transaction center.
If the delivery warehouse abandons or is disqualified, the following matters shall be handled: a) All delivered goods shall be shipped out of the warehouse and the warehouse receipt shall be cancelled upon approval by the Electronic Trading Center; b) The creditor's rights and debts with the Electronic Trading Center shall be settled; c) The risk deposit shall be cleared according to the standards of the Electronic Trading Center. The Electronic Trading Center shall promptly notify the traders and other delivery warehouses of the confirmation, abandonment or cancellation of the delivery warehouse qualification. 3.5 Settlement Bank
The settlement bank shall be uniformly identified by the Electronic Trading Center. Its main function is to assist the Electronic Trading Center in settlement and transfer of funds. The Electronic Trading Center shall open a special settlement account in each settlement bank to deposit the traders' payment for goods and related funds. 3.5.1 The settlement bank selected to provide services for electronic transactions shall meet the following conditions: a) a national commercial bank with branches and business outlets in major cities across the country; safe and fast means of inter-city fund transfer; b) other conditions that the electronic transaction center considers necessary. c) GB/T 18769-2003 In compliance with the above conditions, the settlement bank and the electronic transaction center shall sign a corresponding agreement to clarify the rights and obligations of both parties and standardize the relevant business procedures.
3.5.2 Services provided
The services provided by the settlement bank are as follows:
a) Opening a special settlement account for the electronic trading center and a special fund account for traders; b) Accepting deposits and issuing loans to the electronic trading center and traders; c) Understanding and reflecting the credit status of traders in the electronic trading center; d) Prioritizing the transfer of funds of traders based on the bills provided by the electronic trading center; e) Assisting the electronic trading center in resolving risks when major risks occur in the electronic trading center; f) Keeping the business secrets of the electronic trading center and traders. 3.5.3 Cancellation
The electronic trading center shall promptly notify the traders of the confirmation, abandonment or cancellation of the settlement bank qualification. If the settlement bank applies to abandon the settlement bank qualification, it shall submit a written explanation of the cancellation of the settlement bank qualification to the electronic trading center in advance. 4 Electronic trading business procedures
Traders sign electronic trading contracts in the electronic trading center through a certain trading model, perform the contract according to the contract agreement within the specified time, exchange goods and payment, and settle according to regulations. The electronic trading center shall agree on specific electronic trading procedures and formulate corresponding management measures, and announce them to all traders in the electronic trading center. 4.1 The subject matter of the electronic trading contract is bulk commodities 4.2 Conclusion of electronic trading contracts
Traders sign electronic trading contracts through the trading platform of the electronic trading center to agree on their buying and selling behaviors. The total order quantity of the electronic trading contract should not be greater than the total social supply and demand of the subject matter of the contract during the same period. 4.2.1 Contents of the contract
The electronic trading center can publish a model contract text approved by the traders. The contract should include the following main terms: a) Name of the buyer and seller; Subject matter; Quantity; d) Quality; Packing method; Inspection standards and methods; Delivery time; Price; Settlement method; Performance period, place and method; j) Liability for breach of contract; Method for resolving disputes; Place of contract conclusion. The specific terms of the contract shall be agreed upon by the buyer and seller when signing the contract. 4.2.2 Offer The buy and sell order input by the trader to the trading platform of the electronic trading center is the offer issued by the trader to other traders. The content of the buy and sell order should be specific and should include the content of the main terms of the contract. 4.2.3 Commitment
The sell or buy order input by a trader to the trading platform of the electronic trading center in response to the offer issued by other traders is the commitment made by the trader to the trader who issued the offer. The commitment takes effect when the transaction is completed and the contract is established. 4.3 Payment of Goods
GB/T18769—2003
The payment of goods is completed through the settlement bank. The payment of goods is implemented in the method of one receipt and one payment, first receipt and then payment, and the income and expenditure are offset. The delivery payment includes the payment of goods and the payment of packaging. The payment of goods is settled by adding or subtracting the regional price difference and the quality price difference according to the selling price. The packaging payment, regional price difference and quality price difference are implemented according to the standards announced by the electronic trading center.
4.3.1 Payment Method of Goods
When buying goods, traders can choose to pay in one lump sum or in installments. The payment method of the payment of goods and the progress of the installment payment shall be agreed upon in the electronic trading contract signed by the buyer and seller traders. 4.3.2 Payment Process
Before the delivery time specified in the contract expires, the buyer shall transfer the difference between the full amount of the goods purchased and the amount paid in the previous period to the special settlement account of the electronic trading center. When the delivery is settled, the electronic trading center will pay the delivery payment to the seller and issue a warehouse receipt to the buyer. 4.3.3 Settlement Process
The electronic trading center implements separate account management for the payment deposited by the traders in the special settlement account of the electronic trading center, and sets up a detailed account for each trader. The electronic trading center charges transaction fees according to the standards stipulated in the electronic trading contract based on the number of transactions of the traders on the day. The transaction settlement of transaction business funds between the electronic trading center and the traders is handled through the special settlement account of the electronic trading center and the special fund account of the traders.
4.3.4 Notification of Settlement Result
After the end of the day's trading, the electronic trading center settles the transaction fees and payment of each trader. The electronic trading center provides the settlement data of the day to the traders by issuing settlement documents or data telegrams. In case of special circumstances that cause the Electronic Trading Center to be unable to provide settlement data on time, the Electronic Trading Center will separately notify the time for providing settlement data.
4.4 Delivery
Commodity delivery is the process of the transaction parties handling the transfer of ownership of the goods agreed in the contract in accordance with the electronic trading contract. When the trader delivers the goods, he shall pay the delivery fee to the Electronic Trading Center in accordance with the regulations. The specific standards are specified in the delivery system of the Electronic Trading Center.
4.4.1 Selling of goods
The seller trader shall deliver his qualified goods to the delivery warehouse in exchange for warehouse receipts and register them in the Electronic Trading Center to sell them. If the goods have not yet been delivered to the warehouse, the trader shall provide proof of goods and be approved by the Electronic Trading Center. 4.4.2 Delivery period
The trader shall agree on the delivery period when signing the contract. After the contract is signed, if the trader agrees, he may also arrange the delivery time within the period.
4.4.3 Delivery process
The trader shall deliver the goods to the delivery warehouse for inspection and exchange for warehouse receipts. Before the delivery date specified by the electronic trading center, the dealer shall submit the warehouse receipt, VAT invoice and other documents to the electronic trading center. After confirming that the buyer and seller have no objection to the quantity, quality and relevant procedures of the goods, the electronic trading center shall deliver the goods and pay the payment. 4.5 Transfer of electronic trading contracts
When a dealer transfers an electronic trading contract to a third-party dealer, it shall obtain the consent of the other party and notify the electronic trading center. The total amount of contract transfers by the electronic trading center shall be less than the total amount of social circulation of the subject matter during the same period. 4.6 Termination of electronic trading contracts
Electronic trading contracts concluded through the electronic trading center can be terminated after the buyer and seller dealers reach an agreement and notify the electronic trading center.
GB/T18769—2003
Risks and responsibilities
Before trading, the dealer shall sign a market agreement with the electronic trading center to stipulate the rights, obligations, exemption clauses and conditions for the effectiveness of the agreement of both parties.
Dealers are responsible for the risks of the contracts concluded in the electronic trading center. When a trader fails to perform its contractual obligations, the electronic trading center has the right to take the following safeguard measures against it: terminate its qualifications, accept and fully handle its unperformed contracts, and the corresponding profits and losses shall be borne entirely by the trader concerned; a)||tt| ...2 Services provided
The services provided by the settlement bank are as follows:
a) Opening a special settlement account for the electronic trading center and a special fund account for traders; b) Accepting deposits and issuing loans to the electronic trading center and traders; c) Understanding and reflecting the credit status of traders in the electronic trading center; d) Prioritizing the transfer of funds of traders based on the bills provided by the electronic trading center; e) Assisting the electronic trading center in resolving risks when major risks occur in the electronic trading center; f) Keeping the business secrets of the electronic trading center and traders. 3.5.3 Cancellation
The electronic trading center shall promptly notify the traders of the confirmation, abandonment or cancellation of the settlement bank qualification. When the settlement bank applies to abandon the settlement bank qualification, it shall submit a written explanation of the cancellation of the settlement bank qualification to the electronic trading center in advance. 4 Electronic trading business procedures
Traders shall sign electronic trading contracts in the electronic trading center through a certain trading model, perform the contract according to the contract agreement within the specified time, exchange goods and payment, and settle according to regulations. The electronic trading center shall agree on specific electronic trading procedures and formulate corresponding management measures, and announce them to all traders in the electronic trading center. 4.1 The subject matter of the electronic trading contract is bulk commodities 4.2 Conclusion of electronic trading contracts
Traders sign electronic trading contracts through the trading platform of the electronic trading center to agree on their buying and selling behaviors. The total order quantity of the electronic trading contract should not be greater than the total social supply and demand of the subject matter of the contract during the same period. 4.2.1 Contents of the contract
The electronic trading center can publish a model contract text approved by the traders. The contract should include the following main terms: a) Name of the buyer and seller; Subject matter; Quantity; d) Quality; Packing method; Inspection standards and methods; Delivery time; Price; Settlement method; Performance period, place and method; j) Liability for breach of contract; Method for resolving disputes; Place of contract conclusion. The specific terms of the contract shall be agreed upon by the buyer and seller when signing the contract. 4.2.2 Offer The buy and sell order input by the trader to the trading platform of the electronic trading center is the offer issued by the trader to other traders. The content of the buy and sell order should be specific and should include the content of the main terms of the contract. 4.2.3 Commitment
The sell or buy order input by a trader to the trading platform of the electronic trading center in response to the offer issued by other traders is the commitment made by the trader to the trader who issued the offer. The commitment takes effect when the transaction is completed and the contract is established. 4.3 Payment of Goods
GB/T18769—2003
The payment of goods is completed through the settlement bank. The payment of goods is implemented in the method of one receipt and one payment, first receipt and then payment, and the income and expenditure are offset. The delivery payment includes the payment of goods and the payment of packaging. The payment of goods is settled by adding or subtracting the regional price difference and the quality price difference according to the selling price. The packaging payment, regional price difference and quality price difference are implemented according to the standards announced by the electronic trading center.
4.3.1 Payment Method of Goods
When buying goods, traders can choose to pay in one lump sum or in installments. The payment method of the payment of goods and the progress of the installment payment shall be agreed upon in the electronic trading contract signed by the buyer and seller traders. 4.3.2 Payment Process
Before the delivery time specified in the contract expires, the buyer shall transfer the difference between the full amount of the goods purchased and the amount paid in the previous period to the special settlement account of the electronic trading center. When the delivery is settled, the electronic trading center will pay the delivery payment to the seller and issue a warehouse receipt to the buyer. 4.3.3 Settlement Process
The electronic trading center implements separate account management for the payment deposited by the traders in the special settlement account of the electronic trading center, and sets up a detailed account for each trader. The electronic trading center charges transaction fees according to the standards stipulated in the electronic trading contract based on the number of transactions of the traders on the day. The transaction settlement of transaction business funds between the electronic trading center and the traders is handled through the special settlement account of the electronic trading center and the special fund account of the traders.
4.3.4 Notification of Settlement Result
After the end of the day's trading, the electronic trading center settles the transaction fees and payment of each trader. The electronic trading center provides the settlement data of the day to the traders by issuing settlement documents or data telegrams. In case of special circumstances that cause the Electronic Trading Center to be unable to provide settlement data on time, the Electronic Trading Center will separately notify the time for providing settlement data.
4.4 Delivery
Commodity delivery is the process of the transaction parties handling the transfer of ownership of the goods agreed in the contract in accordance with the electronic trading contract. When the trader delivers the goods, he shall pay the delivery fee to the Electronic Trading Center in accordance with the regulations. The specific standards are specified in the delivery system of the Electronic Trading Center.
4.4.1 Selling of goods
The seller trader shall deliver his qualified goods to the delivery warehouse in exchange for warehouse receipts and register them in the Electronic Trading Center to sell them. If the goods have not yet been delivered to the warehouse, the trader shall provide proof of goods and be approved by the Electronic Trading Center. 4.4.2 Delivery period
The trader shall agree on the delivery period when signing the contract. After the contract is signed, if the trader agrees, he may also arrange the delivery time within the period.
4.4.3 Delivery process
The trader shall deliver the goods to the delivery warehouse for inspection and exchange for warehouse receipts. Before the delivery date specified by the electronic trading center, the dealer shall submit the warehouse receipt, VAT invoice and other documents to the electronic trading center. After confirming that the buyer and seller have no objection to the quantity, quality and relevant procedures of the goods, the electronic trading center shall deliver the goods and pay the payment. 4.5 Transfer of electronic trading contracts
When a dealer transfers an electronic trading contract to a third-party dealer, it shall obtain the consent of the other party and notify the electronic trading center. The total amount of contract transfers by the electronic trading center shall be less than the total amount of social circulation of the subject matter during the same period. 4.6 Termination of electronic trading contracts
Electronic trading contracts concluded through the electronic trading center can be terminated after the buyer and seller dealers reach an agreement and notify the electronic trading center.
GB/T18769—2003
Risks and responsibilities
Before trading, the dealer shall sign a market agreement with the electronic trading center to stipulate the rights, obligations, exemption clauses and conditions for the effectiveness of the agreement of both parties.
Dealers are responsible for the risks of the contracts concluded in the electronic trading center. When a trader fails to perform its contractual obligations, the electronic trading center has the right to take the following safeguard measures against it: terminate its qualifications, accept and fully handle its unperformed contracts, and the corresponding profits and losses shall be borne entirely by the trader concerned; a)||tt| ...2 Services provided
The services provided by the settlement bank are as follows:
a) Opening a special settlement account for the electronic trading center and a special fund account for traders; b) Accepting deposits and issuing loans to the electronic trading center and traders; c) Understanding and reflecting the credit status of traders in the electronic trading center; d) Prioritizing the transfer of funds of traders based on the bills provided by the electronic trading center; e) Assisting the electronic trading center in resolving risks when major risks occur in the electronic trading center; f) Keeping the business secrets of the electronic trading center and traders. 3.5.3 Cancellation
The electronic trading center shall promptly notify the traders of the confirmation, abandonment or cancellation of the settlement bank qualification. When the settlement bank applies to abandon the settlement bank qualification, it shall submit a written explanation of the cancellation of the settlement bank qualification to the electronic trading center in advance. 4 Electronic trading business procedures
Traders shall sign electronic trading contracts in the electronic trading center through a certain trading model, perform the contract according to the contract agreement within the specified time, exchange goods and payment, and settle according to regulations. The electronic trading center shall agree on specific electronic trading procedures and formulate corresponding management measures, and announce them to all traders in the electronic trading center. 4.1 The subject matter of the electronic trading contract is bulk commodities 4.2 Conclusion of electronic trading contracts
Traders sign electronic trading contracts through the trading platform of the electronic trading center to agree on their buying and selling behaviors. The total order quantity of the electronic trading contract should not be greater than the total social supply and demand of the subject matter of the contract during the same period. 4.2.1 Contents of the contract
The electronic trading center can publish a model contract text approved by the traders. The contract should include the following main terms: a) Name of the buyer and seller; Subject matter; Quantity; d) Quality; Packing method; Inspection standards and methods; Delivery time; Price; Settlement method; Performance period, place and method; j) Liability for breach of contract; Method for resolving disputes; Place of contract conclusion. The specific terms of the contract shall be agreed upon by the buyer and seller when signing the contract. 4.2.2 Offer The buy and sell order input by the trader to the trading platform of the electronic trading center is the offer issued by the trader to other traders. The content of the buy and sell order should be specific and should include the content of the main terms of the contract. 4.2.3 Commitment
The sell or buy order input by a trader to the trading platform of the electronic trading center in response to the offer issued by other traders is the commitment made by the trader to the trader who issued the offer. The commitment takes effect when the transaction is completed and the contract is established. 4.3 Payment of Goods
GB/T18769—2003
The payment of goods is completed through the settlement bank. The payment of goods is implemented in the method of one receipt and one payment, first receipt and then payment, and the income and expenditure are offset. The delivery payment includes the payment of goods and the payment of packaging. The payment of goods is settled by adding or subtracting the regional price difference and the quality price difference according to the selling price. The packaging payment, regional price difference and quality price difference are implemented according to the standards announced by the electronic trading center.
4.3.1 Payment Method of Goods
When buying goods, traders can choose to pay in one lump sum or in installments. The payment method of the payment of goods and the progress of the installment payment shall be agreed upon in the electronic trading contract signed by the buyer and seller traders. 4.3.2 Payment Process
Before the delivery time specified in the contract expires, the buyer shall transfer the difference between the full amount of the goods purchased and the amount paid in the previous period to the special settlement account of the electronic trading center. When the delivery is settled, the electronic trading center will pay the delivery payment to the seller and issue a warehouse receipt to the buyer. 4.3.3 Settlement Process
The electronic trading center implements separate account management for the payment deposited by the traders in the special settlement account of the electronic trading center, and sets up a detailed account for each trader. The electronic trading center charges transaction fees according to the standards stipulated in the electronic trading contract based on the number of transactions of the traders on the day. The transaction settlement of transaction business funds between the electronic trading center and the traders is handled through the special settlement account of the electronic trading center and the special fund account of the traders.
4.3.4 Notification of Settlement Result
After the end of the day's trading, the electronic trading center settles the transaction fees and payment of each trader. The electronic trading center provides the settlement data of the day to the traders by issuing settlement documents or data telegrams. In case of special circumstances that cause the Electronic Trading Center to be unable to provide settlement data on time, the Electronic Trading Center will separately notify the time for providing settlement data.
4.4 Delivery
Commodity delivery is the process of the transaction parties handling the transfer of ownership of the goods agreed in the contract in accordance with the electronic trading contract. When the trader delivers the goods, he shall pay the delivery fee to the Electronic Trading Center in accordance with the regulations. The specific standards are specified in the delivery system of the Electronic Trading Center.
4.4.1 Selling of goods
The seller trader shall deliver his qualified goods to the delivery warehouse in exchange for warehouse receipts and register them in the Electronic Trading Center to sell them. If the goods have not yet been delivered to the warehouse, the trader shall provide proof of goods and be approved by the Electronic Trading Center. 4.4.2 Delivery period
The trader shall agree on the delivery period when signing the contract. After the contract is signed, if the trader agrees, he may also arrange the delivery time within the period.
4.4.3 Delivery process
The trader shall deliver the goods to the delivery warehouse for inspection and exchange for warehouse receipts. Before the delivery date specified by the electronic trading center, the dealer shall submit the warehouse receipt, VAT invoice and other documents to the electronic trading center. After confirming that the buyer and seller have no objection to the quantity, quality and relevant procedures of the goods, the electronic trading center shall deliver the goods and pay the payment. 4.5 Transfer of electronic trading contracts
When a dealer transfers an electronic trading contract to a third-party dealer, it shall obtain the consent of the other party and notify the electronic trading center. The total amount of contract transfers by the electronic trading center shall be less than the total amount of social circulation of the subject matter during the same period. 4.6 Termination of electronic trading contracts
Electronic trading contracts concluded through the electronic trading center can be terminated after the buyer and seller dealers reach an agreement and notify the electronic trading center.
GB/T18769—2003
Risks and responsibilities
Before trading, the dealer shall sign a market agreement with the electronic trading center to stipulate the rights, obligations, exemption clauses and conditions for the effectiveness of the agreement of both parties.
Dealers are responsible for the risks of the contracts concluded in the electronic trading center. When a trader fails to perform its contractual obligations, the electronic trading center has the right to take the following safeguard measures against it: terminate its qualifications, accept and fully handle its unperformed contracts, and the corresponding profits and losses shall be borne entirely by the trader concerned; a)||tt| ...1Content of the contract
The electronic trading center may publish a model contract text approved by the traders. The contract should include the following main terms:a)
Name of the buyer and seller;
Subject;
Quantity;
d) Quality;
Packing method;
Inspection standards and methods;
Delivery time;
Price;
Settlement method;
Performance period, place and method;
j) Liability for breach of contract;
Methods for resolving disputes;
Place of contract conclusion.
Specific terms of the contract shall be agreed upon by the buyer and seller when signing the contract. 4.2.2 Offer
The buy and sell order input by the trader to the trading platform of the electronic trading center is the offer issued by the trader to other traders. The content of the buy and sell order should be specific and should include the content of the main terms of the contract. 4.2.3 Commitment
The sell or buy order input by a trader to the trading platform of the electronic trading center in response to the offer issued by other traders is the commitment made by the trader to the trader who issued the offer. The commitment takes effect when the transaction is completed and the contract is established. 4.3 Payment of Goods
GB/T18769—2003
The payment of goods is completed through the settlement bank. The payment of goods is implemented in the method of one receipt and one payment, first receipt and then payment, and the income and expenditure are offset. The delivery payment includes the payment of goods and the payment of packaging. The payment of goods is settled by adding or subtracting the regional price difference and the quality price difference according to the selling price. The packaging payment, regional price difference and quality price difference are implemented according to the standards announced by the electronic trading center.
4.3.1 Payment Method of Goods
When buying goods, traders can choose to pay in one lump sum or in installments. The payment method of the payment of goods and the progress of the installment payment shall be agreed upon in the electronic trading contract signed by the buyer and seller traders. 4.3.2 Payment Process
Before the delivery time specified in the contract expires, the buyer shall transfer the difference between the full amount of the goods purchased and the amount paid in the previous period to the special settlement account of the electronic trading center. When the delivery is settled, the electronic trading center will pay the delivery payment to the seller and issue a warehouse receipt to the buyer. 4.3.3 Settlement Process
The electronic trading center implements separate account management for the payment deposited by the traders in the special settlement account of the electronic trading center, and sets up a detailed account for each trader. The electronic trading center charges transaction fees according to the standards stipulated in the electronic trading contract based on the number of transactions of the traders on the day. The transaction settlement of transaction business funds between the electronic trading center and the traders is handled through the special settlement account of the electronic trading center and the special fund account of the traders.
4.3.4 Notification of Settlement Result
After the end of the day's trading, the electronic trading center settles the transaction fees and payment of each trader. The electronic trading center provides the settlement data of the day to the traders by issuing settlement documents or data telegrams. In case of special circumstances that cause the Electronic Trading Center to be unable to provide settlement data on time, the Electronic Trading Center will separately notify the time for providing settlement data.
4.4 Delivery
Commodity delivery is the process of the transaction parties handling the transfer of ownership of the goods agreed in the contract in accordance with the electronic trading contract. When the trader delivers the goods, he shall pay the delivery fee to the Electronic Trading Center in accordance with the regulations. The specific standards are specified in the delivery system of the Electronic Trading Center.
4.4.1 Selling of goods
The seller trader shall deliver his qualified goods to the delivery warehouse in exchange for warehouse receipts and register them in the Electronic Trading Center to sell them. If the goods have not yet been delivered to the warehouse, the trader shall provide proof of goods and be approved by the Electronic Trading Center. 4.4.2 Delivery period
The trader shall agree on the delivery period when signing the contract. After the contract is signed, if the trader agrees, he may also arrange the delivery time within the period.
4.4.3 Delivery process
The trader shall deliver the goods to the delivery warehouse for inspection and exchange for warehouse receipts. Before the delivery date specified by the electronic trading center, the dealer shall submit the warehouse receipt, VAT invoice and other documents to the electronic trading center. After confirming that the buyer and seller have no objection to the quantity, quality and relevant procedures of the goods, the electronic trading center shall deliver the goods and pay the payment. 4.5 Transfer of electronic trading contracts
When a dealer transfers an electronic trading contract to a third-party dealer, it shall obtain the consent of the other party and notify the electronic trading center. The total amount of contract transfers by the electronic trading center shall be less than the total amount of social circulation of the subject matter during the same period. 4.6 Termination of electronic trading contracts
Electronic trading contracts concluded through the electronic trading center can be terminated after the buyer and seller dealers reach an agreement and notify the electronic trading center.
GB/T18769—2003
Risks and responsibilities
Before trading, the dealer shall sign a market agreement with the electronic trading center to stipulate the rights, obligations, exemption clauses and conditions for the effectiveness of the agreement of both parties.
Dealers are responsible for the risks of the contracts concluded in the electronic trading center. When a trader fails to perform its contractual obligations, the electronic trading center has the right to take the following safeguard measures against it: terminate its qualifications, accept and fully handle its unperformed contracts, and the corresponding profits and losses shall be borne entirely by the trader concerned; a)||tt| ...1Content of the contract
The electronic trading center may publish a model contract text approved by the traders. The contract should include the following main terms:a)
Name of the buyer and seller;
Subject;
Quantity;
d) Quality;
Packing method;
Inspection standards and methods;
Delivery time;
Price;
Settlement method;
Performance period, place and method;
j) Liability for breach of contract;
Methods for resolving disputes;
Place of contract conclusion.
Specific terms of the contract shall be agreed upon by the buyer and seller when signing the contract. 4.2.2 Offer
The buy and sell order input by the trader to the trading platform of the electronic trading center is the offer issued by the trader to other traders. The content of the buy and sell order should be specific and should include the content of the main terms of the contract. 4.2.3 Commitment
The sell or buy order input by a trader to the trading platform of the electronic trading center in response to the offer issued by other traders is the commitment made by the trader to the trader who issued the offer. The commitment takes effect when the transaction is completed and the contract is established. 4.3 Payment of Goods
GB/T18769—2003
The payment of goods is completed through the settlement bank. The payment of goods is implemented in the method of one receipt and one payment, first receipt and then payment, and the income and expenditure are offset. The delivery payment includes the payment of goods and the payment of packaging. The payment of goods is settled by adding or subtracting the regional price difference and the quality price difference according to the selling price. The packaging payment, regional price difference and quality price difference are implemented according to the standards announced by the electronic trading center.
4.3.1 Payment Method of Goods
When buying goods, traders can choose to pay in one lump sum or in installments. The payment method of the payment of goods and the progress of the installment payment shall be agreed upon in the electronic trading contract signed by the buyer and seller traders. 4.3.2 Payment Process
Before the delivery time specified in the contract expires, the buyer shall transfer the difference between the full amount of the goods purchased and the amount paid in the previous period to the special settlement account of the electronic trading center. When the delivery is settled, the electronic trading center will pay the delivery payment to the seller and issue a warehouse receipt to the buyer. 4.3.3 Settlement Process
The electronic trading center implements separate account management for the payment deposited by the traders in the special settlement account of the electronic trading center, and sets up a detailed account for each trader. The electronic trading center charges transaction fees according to the standards stipulated in the electronic trading contract based on the number of transactions of the traders on the day. The transaction settlement of transaction business funds between the electronic trading center and the traders is handled through the special settlement account of the electronic trading center and the special fund account of the traders.
4.3.4 Notification of Settlement Result
After the end of the day's trading, the electronic trading center settles the transaction fees and payment of each trader. The electronic trading center provides the settlement data of the day to the traders by issuing settlement documents or data telegrams. In case of special circumstances that cause the Electronic Trading Center to be unable to provide settlement data on time, the Electronic Trading Center will separately notify the time for providing settlement data.
4.4 Delivery
Commodity delivery is the process of the transaction parties handling the transfer of ownership of the goods agreed in the contract in accordance with the electronic trading contract. When the trader delivers the goods, he shall pay the delivery fee to the Electronic Trading Center in accordance with the regulations. The specific standards are specified in the delivery system of the Electronic Trading Center.
4.4.1 Selling of goods
The seller trader shall deliver his qualified goods to the delivery warehouse in exchange for warehouse receipts and register them in the Electronic Trading Center to sell them. If the goods have not yet been delivered to the warehouse, the trader shall provide proof of goods and be approved by the Electronic Trading Center. 4.4.2 Delivery period
The trader shall agree on the delivery period when signing the contract. After the contract is signed, if the trader agrees, he may also arrange the delivery time within the period.
4.4.3 Delivery process
The trader shall deliver the goods to the delivery warehouse for inspection and exchange for warehouse receipts. Before the delivery date specified by the electronic trading center, the dealer shall submit the warehouse receipt, VAT invoice and other documents to the electronic trading center. After confirming that the buyer and seller have no objection to the quantity, quality and relevant procedures of the goods, the electronic trading center shall deliver the goods and pay the payment. 4.5 Transfer of electronic trading contracts
When a dealer transfers an electronic trading contract to a third-party dealer, it shall obtain the consent of the other party and notify the electronic trading center. The total amount of contract transfers by the electronic trading center shall be less than the total amount of social circulation of the subject matter during the same period. 4.6 Termination of electronic trading contracts
Electronic trading contracts concluded through the electronic trading center can be terminated after the buyer and seller dealers reach an agreement and notify the electronic trading center.
GB/T18769—2003
Risks and responsibilities
Before trading, the dealer shall sign a market agreement with the electronic trading center to stipulate the rights, obligations, exemption clauses and conditions for the effectiveness of the agreement of both parties.
Dealers are responsible for the risks of the contracts concluded in the electronic trading center. When a trader fails to perform its contractual obligations, the electronic trading center has the right to take the following safeguard measures against it: terminate its qualifications, accept and fully handle its unperformed contracts, and the corresponding profits and losses shall be borne entirely by the trader concerned; a)||tt| ...1. Selling of goods
The seller trader can sell the goods by sending the qualified goods to the delivery warehouse in exchange for warehouse receipts and registering them in the electronic trading center. If the goods have not yet been delivered to the warehouse, the trader shall provide proof of goods and be approved by the electronic trading center. 4.4.2. Delivery period
The trader shall agree on the delivery period when signing the contract. After signing the contract, if the trader agrees, the trader may also arrange the delivery time within the period.
4.4.3. Delivery process
The trader shall send the goods to the delivery warehouse for inspection and exchange for warehouse receipts. Before the delivery date specified by the electronic trading center, the trader shall submit the warehouse receipts and VAT invoices and other documents to the electronic trading center. After confirming that the buyer and seller have no objection to the quantity, quality and relevant procedures of the goods, the electronic trading center shall deliver the goods and pay the payment. 4.5. Transfer of electronic trading contract
When a trader transfers an electronic trading contract to a third-party trader, it shall obtain the consent of the other party and notify the electronic trading center. The total amount of contract transfers in the electronic trading center should be less than the total amount of social circulation of the subject matter in the same period. 4.6 Termination of electronic trading contracts
Electronic trading contracts concluded through the electronic trading center can be terminated after the buyer and seller traders reach an agreement and notify the electronic trading center.
GB/T18769—2003
Risks and responsibilities
Traders should sign a transaction agreement with the electronic trading center before trading, stipulating the rights, obligations, exemption clauses and conditions for the effectiveness of the agreement of both parties.
Traders are responsible for bearing the risks of the contracts concluded in the electronic trading center. When a trader cannot perform its contractual obligations, the electronic trading center has the right to take the following safeguard measures against it: terminate its qualifications, accept and fully handle its unperformed contracts, and the corresponding profits and losses shall be borne entirely by the trader concerned;
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