Account crude oil continuous products are crude oil trading products with no expiration date and no extension. Traders can simply buy and sell, hold at any time and trade according to the rhythm. There is no need to entangle or set up rollover, and crude oil trading becomes more convenient.
Account crude oil continuous trading products are unique products of ICBC. In addition to no expiration date, no entanglement and no extension, it inherits many advantages such as rich trading varieties, flexible trading methods, low trading starting point and convenient trading channels.
Continuous trading products are named after the combination of "transaction currency+transaction variety".
Extended data
Because the exchange crude oil contracts quoted by account crude oil continuous products will be adjusted regularly, and the crude oil contract prices in different periods of the exchange are different, when the exchange crude oil contracts quoted by account crude oil continuous products are adjusted, the prices of account crude oil continuous products and the product shares held by customers will also be adjusted, and the total assets held by customers will remain unchanged before and after the share adjustment.
After the transaction is completed on the share adjustment day, the share of crude oil continuous products held by customers will be adjusted according to the pre-adjustment price and the adjusted price announced by ICBC. China Industrial and Commercial Bank will announce in advance the arrangement of the adjustment date of the share of continuous crude oil products in the account for customers' reference.
When the exchange-related contract products quoted by the continuous products are adjusted, ICBC will adjust the shares free of charge according to the pre-adjustment price and the adjusted price of the products on the continuous product share adjustment day, and the total assets will remain unchanged before and after the share adjustment. Under normal circumstances, continuous product positions will be frozen at 24:00 on the product share adjustment day, and share adjustment will be made, and normal trading will resume at 9:00 the next day.
References:
China industrial and commercial bank-intelligent customer service