In the futures market, traders can pay a small amount of money according to a certain proportion of the price of futures contracts as financial guarantee for the performance of futures contracts and participate in the trading of futures contracts. This kind of money is the futures margin. There are two kinds of trading margin and settlement reserve in the transaction.
The margin level charged by the exchange for designing the Shanghai and Shenzhen 300 index futures is 65438+ 0.2% of the contract face value. The ownership of the transaction shall be adjusted according to the market risk. According to this ratio, if the settlement price of Shanghai and Shenzhen 300 index futures is 1400 points, then the contract deposits collected by the exchange the next day are 1400 points *300 yuan/point *12% = 50,400 yuan. The trading margin paid by investors to members will float upward on the basis of the provisions of the exchange.