All buyers and sellers must pay Geng deposit to enter the futures market. Deposit is a performance bond, which proves the sincerity of the buyer or seller, helps to prevent breach of contract and ensure the integrity of the contract. The deposit can be cash, treasury bills allowed by the exchange, standard warehouse receipts, etc. Every customer must pay a certain amount of trading margin to the futures brokerage company, and the brokerage company will deposit the customer's margin into a special account, which is different from the company's own funds. Then, the brokerage company deposits the deposit in the exchange.
The margin required for buying and selling futures contracts varies, but it usually accounts for only a small proportion of the contract value, generally between 5%- 15% of the contract value. The amount of margin is stipulated in the futures contract. Generally speaking, the greater the price fluctuation of futures contracts, the more margin is needed.
As a part of the margin system, all members' accounts are priced at market value at the end of the trading day. According to the number of positions held in the account and the settlement price of futures contracts, the Exchange calculates the deposit that members should pay. If the deposit is below the specified level, the member will receive a notice of deposit recovery, requesting to replenish the deposit in the account within the specified time.
Example of settlement: the date settlement price is 2 188 yuan/ton on the first day of your account opening, selling 10 soybean futures contract and buying 10 soybean futures contract, with a margin of 65,438 yuan+00,940 yuan, 2,200 yuan/ton and a margin of 65,438 yuan+065,438 yuan. Need to recover: 1200 yuan (loss) +60 yuan (margin change) deposit 1 1000 yuan, which can be repaid: 1200 yuan (profit) -60 yuan (margin change) on the third day 2 170 yuan/ton deposit 6544. Reimbursable: 3000 yuan (profit)+150 yuan (change of deposit), deposit 10850 yuan, to be recovered: 3000 yuan (loss)-1565438 yuan (change of deposit), the fourth day, 2/kloc-0. Payable: 1.900 yuan (profit) +95 yuan (margin change) margin 1.0755 yuan, to be recovered: 1.900 yuan (loss) -95 yuan (margin change) Note: the margin of soybean futures contract is 5% of the contract value.
If you think it is appropriate to buy and close the position at the price of 2 1, 5 1 yuan/ton, you can issue a closing order and make a profit. Please note that suppose the other party holds the futures contract for the same time as you. In fact, the other party may have changed hands many times, or will hold it for a longer time.
What is said here is the general procedure of futures settlement. The settlement bill you get is definitely different from the above, but the settlement principle is the same.
Question 2: What are the basic futures margin and the maintenance margin respectively? The basic margin is a margin for trading, and the maintenance margin has never been heard of. It should be the part of the margin used to maintain the risk of futures ups and downs in addition to the basic guarantee.
Question 3: Who provides margin in futures trading? The essence of futures is to sign contracts with others to buy and sell commodities (or stock indexes, foreign exchange and interest rates) in the future, so as to achieve the purpose of preserving value or making money.
If you think the futures price will go up, go long (buy and open positions), go up (sell) and close positions, and earn: price difference = close positions-open positions.
If you think the futures price will fall, short (sell the position), fall (buy) and close the position, and earn: price difference = opening price-closing price.
The deposit is to ensure the normal performance of the contract between the buyer and the seller, so the seller also needs to provide the deposit and give it to the futures company, which will hand it over to the exchange.
But if you can provide the warehouse receipt of the futures delivery warehouse to prove that you have the ability to perform the contract, the warehouse receipt can also replace the deposit.
Question 4: What do you mean by insufficient futures margin? Suppose you have 6.5438+0.5 million yuan in your account, and you buy and sell futures contracts with 6.5438+0.5 million yuan. According to the ratio of 654.38+00%, you need to deposit 654.38+00,000 yuan, and the balance is 50,000 yuan. By today's close, the exchange will begin to recalculate your margin through the settlement price. For example, now that the futures contracts you buy and sell have risen to 2 million, you need a deposit of 200,000 yuan, and your account is only 1.5 million. This will lead to insufficient margin. The exchange will call you the next day and ask if you want to add margin. If you don't add it, some positions will be forcibly flattened.
Question 5: What is futures speculation? What do you mean by deposit and liquidation? For example, if you are bullish, if you use 50,000 yuan to build a soybean warehouse with 6,543,800 tons, 50 tons and a contract with 500,000 yuan, your rights and interests will be 500,000 yuan. By the next day, soybeans will fall to 9000 yuan and become 450000 yuan. You have to pay another 5,000 yuan as a deposit to guarantee your rights and interests of 500,000 yuan, and you must make it up before the market opens the next day, otherwise you will be
Question 6: How is the margin of futures calculated? Initial margin: When placing an order for trading futures contracts, traders in the futures market must deposit the minimum performance margin in their margin account as required. Settlement margin: a financial guarantee that a settlement member (usually a company or enterprise) will fulfill its customers' futures and options contracts. Settlement bond is different from customer performance bond. The customer's performance bond is deposited in the brokerage office, while the settlement bond is deposited in the clearing house. The initial margin here is my style. If the current price of corn is 1.909 yuan per ton, then the margin is: 1.909 * 10 ton (manual futures trading) * 10% (margin), and the margin obtained is 1.909 yuan.
Contract deposit: the deposit deposited in the trading account by the buyer and seller of a futures contract or the option seller to ensure the performance of the contract. Commodity futures deposit is not a stock payment, nor a deposit for trading commodities, but a good reputation deposit. The deposit was paid in cash.
Maintain margin: customers must maintain the minimum margin amount in their margin account.
Question 7: What is margin call in futures trading? Simply put, your margin is insufficient. I ask you to add more, as long as your deposit is not negative.
Question 8: What do you mean by doing futures, just opening an account, and asking about the exchange deposit and the company deposit? Is the actual deposit the sum of the two? The trading margin is collected in stages.
The exchange receives the margin of the futures company, and then the futures company receives the margin of the customer; The charging ratio of the two is different.
For example, if you make a copper contract, the exchange will accept the futures company (transaction amount *7%), and the futures company will add a few points to the margin ratio of the exchange according to the company's risk control (for example, transaction amount * 10%).
Question 9: What is the margin settlement account of the futures company? The futures company's margin settlement account refers to the special account opened by the futures company in the branch of China Industrial and Commercial Bank for storing futures margin and reported to the futures margin monitoring center.
Question 10: Hello, margin of commodity futures. I hope my answer can help you:
1. For investors, whether buying positions or selling positions, there must be enough margin to trade. To put it more simply, because futures are leveraged, investors can trade futures contracts several times only by margin.
2. When the deposit is insufficient, it needs to be added. For investors who are long, they are investors who are bullish. If the price falls, it means a loss. If the deposit in the account is lower than the required amount after the settlement on the same day, it will be added. If the price rises and the bulls make profits, it is not enough to increase the margin.
3. For the seller you mentioned, it is the investor who sells Jiancang. He is bearish, and only when the price falls can he make a profit. If there is no liquidation on that day and the settlement price is higher than the transaction price, it will be a loss on that day. Whether to add money depends on whether the deposit is enough, and if it is not enough, the deposit will be added.
Page (abbreviation of page) S.2,3 asks the same truth. To sum up, the buyer (buyer) is bullish, the seller (seller) is bearish, the price rises and loses money. Loss to a certain extent, the deposit account can not meet the minimum requirements, it is necessary to add margin.
4. Closing a position is to "sell" your futures contract through reverse operation. Buy positions are closed by selling, and sell positions are closed by buying.