Hello, in the process of futures trading, in order to ensure the performance of futures contracts and the good operation of the futures market, after the end of each trading day, the futures settlement institution is required to settle the gains and losses of the futures margin account on that day and transfer funds according to the settlement results. This system was called debt-free system on that day.

Different from the full settlement system and membership grading system implemented by futures exchanges, all futures exchanges in China implement the debt-free system on the same day, as follows:

1 Settle the transactions and positions of all accounts according to the contracts of different varieties and different months, and summarize them on this basis, so as to timely and truly reflect the profit and loss of each trading account.

2. Settle the profit and loss of liquidation, and also settle the floating profit and loss arising from the opening contract.

3. The margin occupied by trading positions shall be settled daily.

4 (The futures exchange settles accounts for members and members settle accounts for customers). Futures exchanges settle accounts for members, and members settle accounts for customers.

From the point of view, when the margin is insufficient due to trading losses, the relevant members (clearing institutions) need to replenish the funds in the margin account within the specified time. Therefore, investors are advised to add margin within the specified time when they find that the margin is insufficient, otherwise they will be forced to close their positions.

Risk disclosure: This information does not constitute any investment advice. Investors should not substitute such information for their independent judgment, or make decisions only based on such information. It does not constitute any trading operation and does not guarantee any income. If you operate by yourself, please pay attention to position control and risk control.