结算交割

证券公司不得代理客户进行期货交易、结算或者交割，不得代期货公司、客户收付期货保证金，不得利用证券资金账户为客户存取、划转期货保证金。

The securities company shall not conduct transaction , settlement or delivery of futures on behalf of clients , or collect or pay futures deposits on behalf of futures companies or clients , or access deposit and draw or transfer futures deposits for clients through the accounts of securities funds .

现金结算与实物交割制度相比，能够使期货价格与现货价格更具有趋同性；

There is more consistant between the futures price and actuals price on cash settlement .

结算会员在其结算交割员发生变动时，应当及时到交易所办理相关手续。

If there is any change in the settlement and delivery person of a settlement member , it shall timely go through the relevant procedures with the exchange .

最后在借鉴CME成功经验的基础上，对我国生猪期货交割制度进行了初步设计，创新地提出采用实物交割和以生猪现货价格指数为结算价的现金结算两种交割方式并存的交割制度。

Third it tries to design the delivery institution of hog future and presents innovatively that it is suitable for hog future to execute physical delivery and cash settlement by cash price index .

前项结算会员对于委托其办理结算交割之期货商帐簿管理，应按该期货商自行买卖及受托买卖别登载之。

Account book management by Clearing Members referred to in the preceding paragraph with regard to the conduct of clearing and settlement consigned by a Futures Commission Merchant shall separately record proprietary and consigned trading by the Futures Commission merchant .

未违约之委托期货商应另行选定结算会员，订定受托办理结算交割契约，并于通知本公司后，始得恢复交易。

Non-defaulting consigned futures commission merchants shall select another clearing member and enter into an agreement consigning that clearing member to handle clearing and settlement , and shall not resume trading until after notifying this Corporation of the conclusion of the agreement .

交易结算会员只能为其客户办理结算、交割业务。

A trading settlement member can only handle the settlement and delivery businesses for its clients .

前项仲裁约定，应由期货商、结算会员分别订入受托契约及受托办理结算交割契约中，作为商务仲裁条例所规定之仲裁契约。

Stipulations for arbitration under the preceding paragraph shall be prescribed in the consignment contract and the clearing and settlement contract by the futures commission merchant and the clearing member , respectively , and shall serve as the arbitration contract required under the commercial arbitration act .

全面结算会员可以为其客户和与其签订结算协议的交易会员办理结算、交割业务。

A general settlement member can only handle the settlement and delivery businesses for its clients and the trading members that have signed the settlement contracts with it .