Current location - Trademark Inquiry Complete Network - Futures platform - What should I do if I don't close my position on the last trading day of the futures delivery date?
What should I do if I don't close my position on the last trading day of the futures delivery date?
I. Processing results of stock index futures:

Stock index futures can be traded until the last trading day of the contract. If the position is not open on the last trading day, the exchange will directly make cash delivery according to the settlement price of the day (the arithmetic average price of the last two hours of the underlying index on the last trading day).

It should be noted that before the closing of the last trading day, the open position will be delivered, and the delivery fee is several times the opening fee.

Second, the commodity futures processing results:

Individual customers of commodity futures can't enter the delivery month, and the platform system will help you to carry out compulsory liquidation.

Three. Processing results of foreign exchange futures:

In the case of sufficient personal margin, the transaction can last until the last trading day, and the platform system will not intervene.

Extended data

Brief introduction of five delivery days

First delivery date:

1. The buyer declares its intention. Within the first delivery date, the buyer submits a letter of intent for the required goods to the exchange. The contents include variety, brand, quantity and the name of the designated delivery warehouse.

2. The seller shall submit the standard warehouse receipt. The seller shall submit to the exchange a valid standard warehouse receipt that has paid the storage fee within the first delivery day.

Second, the second delivery date:

Exchange allocates standard warehouse receipts. On the second delivery day, the exchange will issue the standard warehouse receipt to the buyer according to the existing resources and the principle of "time first, quantity rounding, nearest matching and overall arrangement".

For the standard warehouse receipt that cannot be used for the delivery of the next futures contract, the exchange will distribute it to the buyer according to the proportion of the total delivery in the current month.

Third, the third delivery date:

1, the buyer pays and takes the bill. The buyer must deliver the payment to the exchange and obtain the standard warehouse receipt before the third delivery date 14:00.

2. The seller collects money. The exchange shall pay the payment to the seller before the third delivery date 16:00.

Fourth, the final delivery date:

If the last trading day falls on a legal holiday or the delivery date falls on a legal holiday, the delivery date will be postponed accordingly and five delivery days will be guaranteed. These five delivery days are called the first, second, third, fourth and fifth delivery days respectively, and the fifth delivery day is the final delivery day.

Verb (abbreviation for verb) Irregular delivery date:

Unscheduled delivery date refers to the delivery date or maturity date of forward foreign exchange transactions, usually 1 week, 2 weeks or 1, 2, 3, 6,1February. Other value dates are called irregular delivery dates.

Baidu encyclopedia-futures delivery day