Standard warehouse receipt pledge


Standard warehouse receipt pledge means that the holder of standard warehouse receipt provides security taking such standard warehouse receipt as the collateral, and CEB grants credit to such holder accordingly.


Standard warehouse receipt is specially referred to the physical voucher for picking up goods, which is prepared by Dalian Commodity Exchange, Zhengzhou Commodity Exchange or Shanghai Futures Exchange, issued to the cargo owner after checking and accepting of the warehoused commodities at the designated delivery warehouse and registered and circulated at the Exchanges.


Non-standard warehouse receipt pledge


Non-standard warehouse receipt pledge is a credit granting service whereby the applicant applies to CEB for short-term finance with the warehouse receipt as the collateral.


Non-standard warehouse receipt is the only legal document of title issued to the warehouse owner or cargo owner to record the stored goods. The receipt holder can pick up the stored goods directly at any time with the warehouse receipt. (The warehouse receipt registered with Dalian Commodity Exchange, Zhengzhou Commodity Exchange and Shanghai Futures Exchange shall be dealt with in reference to standard warehouse receipt pledge.)