2. client who wishes to
take physical delivery during the settlement
month shall inform BOCI Futures in written form
5 days prior to entering the month, sign
intention agreement of physical settlement, and
request details about delivery time and venue,
specifications of product, etc.
3. Buyer who applies for
physical settlement should wire the entire
payment into BOCI Futures' bank account before
the first settlement date. Notice of breach will
be processed if not all the payment is received
in time.
4.Seller who applies for
physical settlement should submit the entire
standard warehouse receipts of product to BOCI
Futures' trading department 3 days before
transaction date.
5. The value-added tax
invoices between two sides are issued by BOCI
Futures' accounting department, according to
settlement list. Value-added tax invoices are
delivered by specific person in BOCI Futures.
6. Fees incurred during
the settlement procedure is charged to client
based on standards, and warehousing, insurance,
premium charge , etc. are charged to client,
which BOCI Futures' accounting department will
deduct from client's margin account.
7. After physical
settlement is completed, if disputation is
incurred by client, client should follow
corresponding exchange regulations to raise
disputation to BOCI Futures.
If you wished to settle
physically, please contract the settlement
manager:
BOC International Futures Limited
Address: 901-905, No.1589 Century Avenue,
Shanghai, P.R.China 200122
Telephone: 021-61088088
Fax: 021-61088066
Email:
bocifutures@oa.bocigroup.com
