1. Actual funds refer to the actual funds deposited in the exchange.
2. Mortgage funds are funds converted from securities and warehouse receipts. As collateral. For example, if you have 65.438 billion book-entry treasury bonds, you want to open a position for futures trading, but you don't want to sell the treasury bonds (which will lose interest), then you can apply to the exchange for mortgage. However, the general mortgage is insufficient. For example, 1 100 million national debt mortgages 800,000 cash, and you repay it to the exchange after completing the transaction. The exchange will return the national debt to you at a little interest (or not, depending on negotiation).
3. The funds in transit refer to the funds that have been remitted but have not actually entered the exchange account. For example, one day the market changed dramatically, and the margin of a futures company was suddenly insufficient, so 1 10,000 yuan was remitted to the exchange account from different places. You can get the same amount of available funds in the settlement department by showing the fax of wire transfer or draft. For example, Zhengzhou Exchange once stipulated that funds in transit can be opened, but they must be actually received within one week, otherwise the right to use future funds in transit will be cancelled (the exchange is only open to members).
4. In-transit funds are a kind of credit funds (because it is impossible to verify the authenticity of wire transfer or fax of draft immediately). Other forms of credit funds include remittance instructions or commitments issued by the company, but as long as one commitment is not fulfilled, the exchange will cancel the credit qualification.