1. For example, on June 65438+February 1 day, 2006, there will be 0600 (4076.2 1 1,-1.03,-0. "06" means 2006, "12" means 65438+February, and "06 12" means 65438+February 2006. After 06 12 contract is delivered and settled, 070 1 becomes a monthly contract, and 0702 contract is listed. 070 1 After the contract is delivered and settled, 0702.0703 becomes the contract for the last two months, and 0709 is listed.

1. Stock index futures contract is a standardized contract formulated by the exchange. It is the object of stock index futures trading. The contents of stock index futures contracts need to be clear in advance before trading. The contract value is expressed by the product of the points of the relevant underlying index and a certain monetary amount, which is called multiplier. The quotation of stock index futures contracts is based on index points, and its price must be an integer multiple of the minimum value stipulated by the exchange. The minimum variable price in index futures is usually greater than the actual minimum variable price of the basic index.

2. The subject matter of the stock index futures contract is a series of stock price indexes representing the total stock price level. Because the subject matter has no natural unit, this total stock price level can only be expressed by the product of the number of points in the index and the multiplier of a given amount of money. Multiplier represents the price represented by each index point, which is called contract multiplier.

3. The contract multiplier is a multiplier that converts the stock price index with "point" as the pricing unit into financial assets with currency as the pricing unit. The contract value is equal to the contract index quotation multiplied by the contract multiplier. Because of the different index points and contract multipliers, the value of stock index futures contracts in major exchanges around the world is also different.

4. The minimum change price of stock index futures contract refers to the minimum unit of each quotation change in stock index futures trading, usually expressed by the number of underlying index points. The index quoted by investors must be an integer multiple of the minimum change price, and the contract value must also be an integer multiple of the minimum change value stipulated by the exchange. Such as S &；; The minimum change price of P500 index futures contract is 0. 1 point, and the quotation is valid only at 1478.2 or 1478.3, and the quotation at 1478.25 is invalid.

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