什么是交割货：中英文双语阅读

什么是交割货？

交割货是指在期货合约到期时，按照合约规定的品种、数量和质量，实际交付给买方的货物。交割货是期货市场中的一个重要概念，它涉及到期货合约的实际履行和现货市场的联系。

交割方式

交割货主要有两种交割方式：实物交割和现金交割。实物交割是指期货合约到期时，买方按照合约规定接收卖方交付的实际货物。现金交割则是指期货合约到期时，买卖双方按照合约规定的结算价格进行现金结算，而不实际交付货物。

交割流程

交割流程包括交割申请、交割配对、交割通知和实物交收等步骤。在期货合约到期前，买方和卖方需要向交易所提交交割申请，交易所会按照一定规则进行配对。配对成功后，交易所会发出交割通知，买卖双方按照通知要求进行实物交收或现金结算。

交割货的意义

交割货在期货市场中具有重要意义。首先，交割货保证了期货市场的实物基础，使得期货价格与现货价格保持紧密联系。其次，交割货有助于平衡现货市场的供需关系，稳定市场价格。最后，交割货也是期货市场履行合约义务的重要环节，保障了市场的公平和透明。

What Is Delivery Cargo?

Delivery cargo refers to the goods that are actually delivered to the buyer at the expiration of a futures contract, in accordance with the specified variety, quantity, and quality stipulated in the contract. Delivery cargo is an important concept in the futures market, which involves the actual fulfillment of futures contracts and the linkage with the spot market.

Delivery Methods

There are two main delivery methods for delivery cargo: physical delivery and cash delivery. Physical delivery refers to the buyer receiving the actual goods delivered by the seller in accordance with the contract provisions upon the expiration of the futures contract. Cash delivery, on the other hand, refers to the buyer and seller settling the transaction in cash in accordance with the settlement price stipulated in the contract, without actually delivering the goods.

Delivery Process

The delivery process includes steps such as delivery application, delivery matching, delivery notification, and physical delivery. Before the expiration of a futures contract, the buyer and seller need to submit a delivery application to the exchange, which will then match them according to certain rules. Once the matching is successful, the exchange will issue a delivery notification, and the buyer and seller will proceed with the physical delivery or cash settlement as required by the notification.

Significance of Delivery Cargo

Delivery cargo plays an important role in the futures market. Firstly, it guarantees the physical basis of the futures market, keeping the futures price closely linked to the spot price. Secondly, delivery cargo helps balance the supply and demand relationship in the spot market, stabilizing market prices. Finally, delivery cargo is also a crucial link in fulfilling futures contract obligations, ensuring the fairness and transparency of the market.