This contract is virtual. It exists in the mainframe of the exchange, but you can't see it or touch it, so when you list it on the trading software, the contract will automatically take effect.
You must ask why.
There are not only natural persons in the futures market, but also many spot traders. For them,
They are going to deliver goods, so if there is no such virtual contract, what should we do if there is a dispute?
But now with this virtual contract, if there is a dispute, it can be used as a legal basis.
2. In the transaction of futures contracts, what is the relationship between the buying price and selling price of buyers and sellers and the face value of the contracts?
Futures are based on hands, and different varieties represent different tons. I have answered this question many times in other places.
Then the buying price and selling price of our transaction are the price per ton of this commodity. The face value of the contract is the total contract price. For example, if you have 65,438+00 lots of beans, each lot of beans is 65,438+00 tons, which means that your contract face value is 65,438+000 tons of beans.
3. How are futures contracts settled when they are bought and sold? Is it related to the face value? (There is no need to explain hedging liquidation, nor does it need to explain the purchase price MINUS the sale price multiplied by the number of contracts. )
Your question is puzzling. What do you mean by how to settle the contract?
What do you think of the settlement of what you bought at 10 and sold at 12?
Or 10 quick money to buy, loss of 8 quick money to sell, how to settle?
If I have a contract of 10 lots, what is the direct relationship between the price I buy and the contract value, that is, 1000 lots? How do I pay the fee?
This question is depressing. You don't know anything about reading or futures. You always have to know about stocks.
You buy 100 shares of Sinopec, how do you pay?
Futures are bought and sold manually, that is, regardless of the variety.
Anyway, you should at least buy and sell,
Gold per lot1000g.
What do you think is the direct relationship?
Also, if I haven't sold it by the end of the year, should I supply it or take money to purchase it?
Don't answer this question,
There are some answers to the first three questions. You didn't even read the rules of futures, just like fighting the landlord.
You ask me why four twos can also be bombs?
How can I answer you?