2. Stock index futures must be traded on the delivery date. If investors do not trade on the settlement date, they will be forced to close their positions at this time, and all the consequences caused by closing their positions will be borne by investors. The specific trading hours on the delivery date are 9:15-1:30 and13: 00-15:15.
3. Stock price index futures (SPIF for short) refers to standardized futures contracts with stock price index as the subject matter. The two parties agree to buy and sell the underlying index according to the size of the stock price index determined in advance at a future date, and settle the difference in cash after the expiration.
The risks of stock index futures include market risk, credit risk, liquidity risk, operational risk and legal risk. The best way to prevent risks is to control the position stop loss and be familiar with the futures trading rules. China's stock index futures include Shanghai and Shenzhen 300 stock index futures, CSI 500 stock index futures and SSE 50 stock index futures.
For futures contracts, the delivery date refers to the date when the goods must be delivered.
The essence of buying and selling stock index futures is to sign a contract with others to buy and sell futures at the agreed price and quantity within the agreed time and delivery place of stock index futures. This contract has an agreed final trading day (that is, the date of final performance of the contract, usually the third Friday of the contract month), and this trading 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). The last day of delivery of each contract. Before the market closes on this day, all customers of sellers and buyers must close their positions and make cash delivery, otherwise it will be regarded as a breach of contract.
The delivery date of 20 15 stock index futures contract is as follows
Contract Month Contract Code Contract Delivery Date (Expiration Time)
65438+ 10 month stock index futures contract IF 150 1 contract due delivery time is 201516 February stock index futures contract IF 1502 contract due delivery time is 2065438+20 2005. The contract is scheduled for delivery on March 20th, 20th1May. In April, IF 1504 contract of stock index futures was due for delivery on April 20 15, and in May, IF 1505 contract was due for delivery on May 20 15. The delivery time of commodity contract IF 1506 is June 29th, 2005, stock index futures contract IF 1507 is July 20th15, and stock index futures contract IF 1508 is August 20th15. On August 21September, the stock index futures contract IF 1509 will be delivered on August 201September1June 81October. 065438+ 10 month stock index futures contract if151contract due delivery time is 2015165438+1October 20th 65438+.