Each contract has an agreed final trading day (that is, the day when the contract is finally performed, usually the third Friday of the contract month, which will be postponed in case of national legal holidays), and this day is the delivery date of the futures index. When the agreed final performance time comes, the buyer and the seller must close the position (terminate the contract) or make delivery (cash settlement).

As far as futures contracts are concerned, the delivery date refers to the date when the goods must be delivered. In commodity futures trading, individual investors have no right to hold positions before the final delivery date. If you don't close your position by yourself, your position will be forcibly closed by the exchange, and all the consequences will be borne by the investors themselves.

Only the spot enterprises that have applied to the exchange for hedging qualification and obtained approval can hold their positions until the final delivery date and enter the delivery procedure, because they have hedging needs and qualifications.

Extended data

Status of China's stock index futures accounts

1, and the available balance of the margin account is not less than 500,000 yuan;

2. Have the basic knowledge of stock index futures and pass relevant tests (the score is not less than 80 points);

3. It has at least 65,438+00 trading days and more than 20 stock index simulation trading records, or has more than 65,438+00 commodity futures trading records in the last three years (both are related or satisfy one item);

4, the comprehensive evaluation table score of not less than 70 points;

5. The temporary association has no bad credit record; There are no laws, administrative regulations, rules and business rules of the exchange to prohibit or restrict the trading of stock index futures.

According to the relevant regulations, in any of the following circumstances, they shall not become customers of futures brokerage companies: state organs and institutions; Staff of China Securities Regulatory Commission and its dispatched offices, futures exchanges, futures margin depository monitoring institutions and futures industry associations; It is forbidden to enter the securities and futures markets; Units that fail to provide proof documents for account opening; Other units and individuals prohibited from engaging in futures trading as stipulated by the China Securities Regulatory Commission.

Baidu Encyclopedia-China Stock Index Futures

Baidu Encyclopedia-Stock Index Futures Delivery Date