For example, IF 1507 refers to the comprehensive index value of 300 stocks selected from Shanghai Stock Exchange and Shenzhen Stock Exchange, and 15 is a contract that expires in July.
The delivery date is the delivery date. For example, If 1507 was delivered on July 17. Delivery will close all remaining positions and move them to If 1508. After delivery, 1507 can no longer be traded, which means that there is no 1507 contract from now on.
Brief introduction of stock index futures:
The essence of buying and selling stock index futures is to sign a contract with others and buy and sell futures indexes at the agreed price and quantity within the agreed time. This contract has an agreed final trading day (that is, the date of final performance of the contract, usually the third Friday of the contract month, which will be postponed in case of national legal holidays), and this trading day is the delivery date of the futures index. When the agreed final performance time comes, the buyer and the seller must close the position (terminate the contract) or make delivery (cash settlement).
Delivery date:
As far as futures contracts are concerned, the delivery date refers to the date when the goods must be delivered. In commodity futures trading, individual investors have no right to hold positions before the final delivery date. If you don't close your position by yourself, your position will be forcibly closed by the exchange, and all the consequences will be borne by the investors themselves. Only spot enterprises that apply to the exchange for the approval of hedging qualification can hold their positions until the final delivery date and enter the delivery procedure, because they have hedging needs and qualifications.
Delivery:
Spot transactions between sellers and buyers of futures contracts. The delivery place is the delivery warehouse designated by each futures exchange. The delivery method includes that some futures contracts agree on the price at the trading time and complete the delivery off-site; Or after entering the delivery time.
The delivery of stock index contracts is settled in cash.