Stock index futures, namely stock price index futures, are standardized futures contracts with stock price index as the subject matter. The two sides agreed that on a specific date in the future, the underlying index can be bought and sold according to the size of the stock price index determined in advance, and the difference will be settled in cash after the expiration. For investors, stock index futures can effectively hedge risks.

What is the margin ratio of stock index futures?

There are four kinds of stock index futures, and the margin ratio of different stock index varieties is different. According to the open market data on July 26th, the margin ratio of SSE 50(IH) is 12%, CSI 300(IF) is 12%, CSI 500(IC) is 14%, and CSI 1000(IM

If investors want to invest in stock index futures, they need to pay a certain margin. According to the calculation formula of stock index futures margin, the margin that investors need to pay for 1 hand stock index futures is the product of points, contract multiplier and margin ratio, that is to say: margin for making first-hand stock index futures = points * contract multiplier * margin ratio.

Take the Shanghai and Shenzhen 300(IF) stock index futures as an example. The number of points corresponding to the Shanghai and Shenzhen 300(IF) stock index futures is 4202, and each point is 300 yuan. Therefore, the margin required for making Shanghai and Shenzhen 300(IF) futures 1 lot is 4202 * 300 *12% ≈160,000.

If investors want trading authority of stock index futures, they must open a commodity futures account. After opening, they also need to meet the following three conditions:

1 After settlement for five consecutive trading days before the application date, the available funds in the futures account shall not be less than 500,000 yuan (the available funds are the total funds in the account minus the occupation margin);

(2) Accumulated 10 trading days, more than 20 futures simulation trading experiences or more than 10 firm trading experiences in the last three years.

3. Through the investor suitability test platform of China Futures Association, the test score reached more than 80 points.

It should be noted that stock index futures are R4 products, which are suitable for customers with a risk level of C4 and above, so investors should see whether they have the same risk tolerance before investing.