To give better play to the functions of the futures market, serve the corn starch industry, and get fully ready for the listing of the corn starch futures contracts, on December 24, Dalian Commodity Exchange (DCE) issued a notice to publicly solicit the designated delivery (factory) warehouses for the corn starch futures.
According to the notice, the scope of the solicitation is the producers and warehouses of corn starch in Jilin, Liaoning, Heilongjiang, Inner Mongolia, Shandong, Hebei, Henan and other provinces. The qualified enterprises with intention to conduct the delivery business of the corn starch futures shall mail (or send) the required materials to DCE, and DCE will select the best in accordance with the materials and the inspections.
According to the notice, in the aspect of the financial requirements, the applicants for designated delivery (factory) warehouse should provide guarantee units meeting requirements, both the applicants and their guarantee units should have at least RMB 10 million in both registered capital and net asset, the applicants should have sound financial status and strong anti-risk capacity with no unsettled due debts, and there are other requirements; regarding the requirements for the warehouse capacity, the total and minimum capacities of the warehouse applicants should meet the requirements of DCE; the applying producers should have the production capacity reaching DCE’s requirement and meet the conditions such as sound financial status, relatively large production scale, comparatively high rate of commercialization, and convenient transportation.
DCE had previously issued a notice to publicly solicit opinions on the contracts and rules for the corn starch futures, and the present public solicitation is an important effort of DCE to prepare for and promote the listing and trading of the corn starch futures contracts.