Hello! The so-called futures generally refers to futures contracts, which are standardized contracts made by futures exchanges and agreed to deliver a certain number of subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index. If the buyer of a futures contract holds the contract until the expiration date, he is obliged to purchase the subject matter corresponding to the futures contract; If the seller of a futures contract holds the contract until it expires, he is obliged to sell the subject matter corresponding to the futures contract (some futures contracts do not make physical delivery when they expire, but settle the difference, for example, the expiration of stock index futures refers to the final settlement of the futures contract in the opponent according to a certain average value of the spot index). Of course, traders of futures contracts can also choose to reverse the transaction before the contract expires to offset this obligation. The broad concept of futures also includes option contracts traded on exchanges. Most futures exchanges list both futures and options. 1. What are the requirements for opening an account? According to the relevant measures for the appropriateness management of stock index futures investors, investors must meet a number of conditions if they want to catch up with the first stock index futures account. First of all, the threshold for investors to open an account is 500,000 yuan. Secondly, investors who intend to participate in stock index futures trading need to pass the stock index futures knowledge test. It is understood that the test will be provided by CICC, and the test questions will change every day. The futures company is responsible for the specific operation, and the qualified score is 80 points. Third, investors must have more than 20 simulated trading records of stock index futures in cumulative 10 trading days, or have more than 10 trading records of commodity futures in the last three years. To put it simply, in addition to institutions, future futures trading participants can be called "three-owned" investors, that is, people with money, anti-risk ability, maturity knowledge and practical trading experience. In addition to the above three hard requirements, investors must also conduct an evaluation that reflects their own comprehensive situation (CICC has been issued to all futures companies), and investors must get more than 70 points in the comprehensive evaluation to be considered "qualified". For investors with bad credit records, the futures company will deduct the corresponding score from the total score of investors' comprehensive evaluation according to the situation, and there is no upper limit for the deduction. 2. What information should I provide to open an account? Futures account stock indexes are divided into natural persons and corporate customers, and different investors have different requirements for opening accounts. Click to view the stock index requirements of futures accounts. To open an account, I need to go through the account opening formalities in person with the original ID card, and provide the following information: 1) the original ID card of the account holder; 2) Copies of ID cards of the orderer, fund distributor and statement confirmer (new ID cards must be copied on both sides) 3) Personal bank debit cards should be provided as futures settlement accounts. Company customers need the following information to open an account: 1) the original business photo of the enterprise as a legal person; 2) Original organization code certificate; 3) Original tax registration certificate; 4) Original ID card of the account opening agent; 5) Copies of ID cards of legal representative, order issuer, fund distributor and statement confirmer (new ID cards must be copied on both sides); 6) Power of attorney signed by the legal representative; 7) The enterprise bank account number is used as the futures settlement account. 3. Specific process of opening an account (1) The customer provides relevant documents and supporting materials. (2) A futures company shall issue a risk disclosure statement and futures trading rules to customers, explaining the risks and basic rules of futures trading to customers. On the basis of an accurate understanding of the risk disclosure and futures trading rules, customers should sign and seal the risk disclosure. Fill in the customer credit registration form and determine the transaction cost. (3) The futures brokerage institution and the customer both * * * sign a customer brokerage contract, which clarifies the rights and obligations of both parties and formally forms a cooperative relationship. (4) A futures brokerage institution shall provide customers with a special account for futures trading funds, which shall be separated from its own fund account. The customer must have a full deposit in the account before placing an order. 4. Where can I open an account? Investors can open an account in the business department of a futures company, and the futures company must open an account for investors at the counter, and it is forbidden to open an account in different places. Click to view the list of futures companies where investors can open accounts. Investors are temporarily unable to open futures trading accounts in the sales department of securities companies. 5. How do customers participate in the stock index futures test and what are the requirements for passing the test? Futures companies and securities companies that provide intermediary services for futures companies shall test customers according to the examination papers uniformly compiled by the Exchange, and the test scores of customers participating in the test shall not be less than 80 points. For customers who fail the test, the futures company can organize them to participate in the test after continuing training.