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Can individual customer positions enter the delivery month?
First of all, Dalian Commodity Exchange clearly stipulates that individual customers are not allowed to deliver. Since the first trading day of the delivery month, Dashang has forced the liquidation of a single customer's delivery month position. After the end of the last trading day, if the individual customer's monthly contract position has not been closed, the member will perform the contract first. If the member still fails to perform the contract, it will be handled according to the relevant regulations of the Exchange. Although there is no clear stipulation in Shanghai Stock Exchange and Zhengshang Institute, futures companies advise individual customers to avoid holding positions in the delivery month as much as possible, let alone entering the delivery procedure. Individuals who implement physical delivery will face many performance risks, such as being punished by the exchange for breach of contract if they do not handle it properly. It is worth mentioning that the Shanghai Stock Exchange expressly stipulates that investors who cannot deliver or receive special VAT invoices shall not deliver (see Article 4 of the Delivery Rules of Shanghai Futures Exchange for details). When the positions held by individual customers are close to the delivery date, the margin ratio will continue to increase. If the customer receives the notice of additional margin, it should be handled in time, otherwise it will face the risk of forced liquidation. The following are the details of each contract (of which cotton is unknown): copper and aluminum: from the first trading day of the 5% delivery month, from the listing date of the contract in ................... ... from the sixth trading day of the 10% delivery month ... from the 15%...20% natural rubber of the previous trading day: from the listing date of the contract. ................... starts from the tenth trading day of the second month before the 7% delivery month ... from the first trading day of the first month before the 10% delivery month ... from 1 From the 10th trading day of the first month before the 5% delivery month ... from the first trading day of the 20% delivery month ... and two trading days before the last trading day of the 30% delivery month ... Qiangmai: From the date of listing of the contract, ................... will deliver 7% in the first half of this month, and .............. will pay 10% in the middle of the month. .............. rose by 20% in the first half of the month, .............. paid 25% in the delivery month, and ...................... paid 30% in the delivery month.