大商所厂库担保品业务优化显实效

Core Viewpoint - The Dalian Commodity Exchange (DCE) has implemented a series of optimization measures for warehouse receipt collateral since November 2024, enhancing operational convenience and reducing registration costs for warehouse receipts [1] Group 1: Efficiency Improvements - The introduction of a total pool management model for collateral allows warehouses to share collateral limits across different asset types and varieties, significantly simplifying the registration process [2] - Companies like COFCO Meat Investment Co., Ltd. have benefited from the ability to submit a single collateral for multiple warehouses, reducing idle funds and registration costs [2] - Similar improvements have been noted by Louis Dreyfus Company, which can now register multiple types of warehouse receipts with a single bank guarantee, enhancing operational efficiency [3] Group 2: Enhanced Flexibility - The DCE has allowed warehouses to replace cash collateral with bank guarantees, increasing operational flexibility and reducing costs associated with collateral registration [4] - Daily market value assessments of collateral have been implemented, enabling timely identification of potential risks and ensuring compliance with collateral requirements [5] Group 3: Introduction of New Collateral Types - The DCE has introduced bank acceptance bills as a form of collateral, allowing warehouses to submit these bills directly without prior discounting, thus alleviating financial pressure during registration [5] - Future plans include ongoing evaluations and enhancements of warehouse collateral management to strengthen risk prevention and support high-quality development in the industry [5]