Are the last trading day and the last delivery day the same day?
Futures are divided into financial futures and commodity futures:
1 financial futures: domestic listed financial futures are mainly stock index futures and treasury bonds futures. The last trading day of stock index futures is the last delivery day, while treasury bond futures are different.
Specifically, the last trading day of treasury bond futures is the second Friday of the contract expiration month, and the last delivery day is the third trading day after the last trading day.
Commodity futures: The last trading day is different from the last delivery day, which is a few days after the last trading day.
Stock index futures are delivered in cash. In fact, there is no difference between trading and delivery, and you can trade and deliver on the last day. Treasury bond futures and commodity futures are delivered in kind, and there are still some differences between trading and delivery, while the delivery of commodity futures has high requirements for investors.
The above is about the sharing of futures content, hoping to help everyone.