(1) Customer appoints warehouse to go through formalities for load-in declaration;

 

(2) Warehouse submits to the Exchange the application for issuance of standard factory warehouse receipt via electronic warrant system, together with bank’s performance guarantee letter or the Exchange recognized other forms of payment guarantee;

 

(3) Review and approval by the Exchange. The factory warehouse shall modify the application for issuance of factory warehouse receipt if it is not acceptable, until it is acceptable;  

 

(4) After passing the review and approval procedures, the factory warehouse will issue the factory warehouse receipt; 

 

(5) Customer conducts acceptance check on standard warrant to confirm its generation. Such warrant will be returned to the factory warehouse for re-production if it is not acceptable.