Receipts for a commodity stored in a warehouse that guarantee the existence of this commodity and verify its availability and quantity. In other words, a warehouse receipt it is a title document that is issued by warehouses to depositors against the commodities stored in the warehouses.

Warehouse receipts (WRs) can be transferred by endorsement and delivery. Either the original depositor or the document holder/ transferee (a long in deliverable forward contracts/ physical-settled futures contracts) can claim the commodity from the warehouse.