The so-called seasonal months refer to March, June, September and 65438+February.
If it is now 10 month, then the contract for this month is 10 month, the contract for next month is 1 10 month, and the two seasons and months are 12 month and March of the following year.
On the last trading day 15, 10, the contract was delisted, and the contract in the current month became 1 10, the contract in the next month became 12, and the next two quarters became March and June of the following year.
165438+1October 15, the last trading day,165438+1October, the contract was delisted, the contract in that month became 65438+February, and the contract in next month was 65438+1October.
Extended data:
The initial spot forward transaction is a verbal commitment by both parties to deliver a certain amount of goods at a certain time. Later, with the expansion of the scope of transactions, oral promises were gradually replaced by sales contracts. This kind of contract behavior is becoming more and more complicated, and an intermediary is needed to guarantee it, so as to supervise the timely delivery and payment of buyers and sellers.
Then the Royal Exchange, 157 1 opened the world's first commodity forward contract exchange in London. In order to adapt to the continuous development of commodity economy, improve transportation and storage conditions and provide information for members, 82 businessmen initiated and organized Chicago Board of Trade (CBOT) on 1848.
185 1 Chicago Board of Trade launches forward contracts; 1865, Chicago Grain Exchange introduced a standardized agreement called "futures contract" to replace the previous forward contract. This standardized contract allows the contract to change hands and buy and sell.
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