Ic stands for CSI 500 index futures, and 2008 stands for futures time, where 20 stands for year, that is, 2020, and 08 stands for month, that is, August. Ic2008 futures refers to the August 2020 contract of CSI 500 index futures. CSI 500 index futures are listed on China Financial Futures Exchange, with the trading code of IC and the delivery method of cash delivery.

The trading unit of CSI 500 index futures is 200 yuan per point, the minimum price change is 0.2 point, and the price limit is 10% of the settlement price of the previous trading day. The delivery month of the contract is the current month, the next month and the last two quarters, and the trading time is 9: 30am-11:30am. Afternoon 13:00— 15:00.

The last trading day of CSI 500 index futures is the third Friday of the contract expiration month, and the final delivery date is the third Friday of the contract expiration month in case of national holidays. The minimum trading margin for long contracts is 15%, the minimum trading margin for short contracts is 15%, and the transaction fee is 0.23 ‰.

CSI 500 Index is one of the indexes developed by CSI Index Co., Ltd. The stocks in its sample space are composed of the top 500 stocks with total market value excluding the constituent stocks of CSI 300 Index and the top 300 stocks with total market value, which comprehensively reflects the stock price performance of a number of small and medium-sized board companies in China A-share market.