Settlement of members by the Exchange: First, after the end of each trading day, the Exchange will settle the profits and losses, transaction fees, transaction deposits and other funds of each member. The accounting results are the basis for members to check the relevant transactions of the day and settle accounts with customers. Members can obtain the profit and loss statement, contract table, position table and fund settlement statement of members on the same day through the member service system within the specified time of each trading day. Secondly, members should obtain the settlement results provided by the exchange in time every day, do a good job of checking and keep them properly. If a member disagrees with the settlement result, it shall notify the Exchange in writing 30 minutes before the market opens the next day. If the member does not raise any objection to the settlement data within the specified time, it shall be deemed that the member has recognized the accuracy of the settlement data. Finally, after the transaction settlement is completed, the exchange will transmit the data of member funds to the relevant settlement bank.
The futures brokerage company's settlement of customers is the same as that of the exchange, that is, after the end of each trading day, the profit and loss, trading expenses, trading margin and other funds of each customer are settled. The transaction fee is generally not less than 3 times of the transaction fee standard stipulated in the futures contract, and the transaction margin is generally higher than the transaction margin ratio charged by the exchange by at least 3 percentage points. The futures brokerage company will issue a transaction settlement form to the customer after the market closes. When the customer's daily settlement margin is lower than the trading margin level stipulated by the futures exchange, the futures brokerage company will inform the customer to add the margin in the way agreed in the futures brokerage contract. If the customer fails to add the margin on time, the futures brokerage company shall forcibly close part or all of the customer's positions until the margin balance can maintain its remaining positions.
Tips: The above contents are for reference only.
Reply time: 2022-0 1- 17. Please refer to the latest business changes announced by Ping An Bank in official website.