I. To normalize the delivery of Shanghai Gold Exchange (SGE thereafter), guarantee the legal rights of SGE and its members, ensure the safe, smooth and timely operation of SGE's transaction system, SGE draws up the Rules under Transaction Regulation of Shanghai Gold Exchange.
II. The Rules are applicable to the fulfillment of deal contract.
III. Delivery in the Rules means that for fulfilling the contract, bidder and asker conduct money and commodity transaction.
Chapter 2 Delivery Principle
IV. SGE takes the principle of "choosing depositing and delivery warehouses ". Members of SGE could choose depositing and delivery warehouses freely. But bullion is stocked and delivered in
V. Gold traded in SGE is gold which is suitable with qualified standard for bullion and bar gold and produced by corporations identified by SGE or LMBA.
VI. Initial trade commodity of SGE are bar gold with standard weight of 1 kilogram and alloy not less than Au99.95, bar gold with standard weight of 3 kilogram and alloy not less than Au99.95, bullion with standard weight of 50 gram and alloy is Au99.99 and bullion with standard weight of 100 gram and alloy is Au99.99.
VII. Before spot trade, bidder should deposit RMB equable to the valuation of trade gold into assigned account; asker should deposit all asking gold to assigned delivery warehouse.
VIII. Bar gold producing corporation identified by SGE should fulfill <Registration for appointed staff for member of Shanghai Gold Exchange> to backup, ensure the information of corporation and inform of alteration timely.
IX. SGE conducts commodity ownership transaction after trade is closed. Bidder's gold ownership is calculated in his account. Delivery only points to net trade volume. Delivery volume should be integer times on 3 kilogram. The fewest delivery volume is 6 kilogram.