Generally speaking, interest rate futures mainly use cash delivery, which is very beneficial to the investment market to some extent. However, the market is flexible, so sometimes there will be cash delivery, of course, the frequency of this delivery is very small. So, what is cash delivery? In fact, cash delivery takes the existing interest rate of the bank as the conversion factor to determine the delivery price of futures contracts, so its completion needs to be based on the existing interest rate of the bank. In order to form a diversified investment concept, investors can learn more about bonds and remember not to put all your eggs in one basket. Interest rate futures have the following characteristics: the price of interest rate futures is opposite to the real interest rate, that is, the higher the interest rate, the lower the price of bond futures; The lower the interest rate, the higher the bond futures price. Interest rate futures are delivered in a special way. Interest rate futures are mainly delivered in cash, sometimes in cash. Cash delivery is to determine the delivery price of futures contracts with the existing interest rate of banks as the conversion factor.