There are four numbers behind futures. The first two numbers represent the future year, which is the year of this century. The last two digits represent the month in which the futures belong.

For example, IF2007, the first two numbers 20 represent the twentieth year of this century, that is, 2020; The last two digits 07 represent July, the delivery month of futures, and the maximum value of the last two digits is 12.

As far as contract figures are concerned, the most important thing is the delivery month, because when the contract approaches the delivery month, the fluctuation of futures tends to increase and the exchange will change the margin ratio. If investors want to know clearly the last trading day of investment contracts, they can log on to the official websites of the four major futures exchanges for enquiries.

The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"