1, futures trading rules: margin system
2. Futures trading rules: price limit system.
3. Futures trading rules: daily settlement system.
4. Futures trading rules: compulsory liquidation/lightening system.
5. Futures trading rules: delivery system
6. Futures trading rules: position limit system.
7. Futures trading rules: large-scale declaration system.
8. Futures trading rules: settlement guarantee system.
9. Futures trading rules: risk early warning system
1, contract multiplier of stock index futures trading rules: CICC stipulates that the value of each point of stock index futures is 300 yuan, so if the stock index futures contract is 3500 points, then the contract value = 3500 points x contract multiplier 300 yuan/point = 1050000 yuan. Performance bond = contract value x deposit ratio = 1050000 yuan X 15% = 157500 yuan (the deposit ratio is set as 15% for the exchange, or 16~20% for the futures company, depending on the company's strength.
2. Trading rules of the minimum change price of stock index futures: CICC stipulates that the minimum change price of stock index futures is 0.2 index points, and each band is 0.2 points, that is, 0.2 points X300 yuan/point =60 yuan.
3. Contract setting of stock index futures trading rules: CICC stipulates that stock index futures will be rolled out in the last February and two months of the last quarter according to (recent+quarterly mode), so that the four contracts will run simultaneously within half a year, giving consideration to both long and short positions and achieving a relatively centralized effect. The last trading day of each contract is three Fridays every month.
4. Trading time of stock index futures trading rules: CICC stipulates that the trading time of stock index futures is divided into ordinary trading time and delivery day trading time; Ordinary trading hours: Section 1: 09:15—11:30; Section II:13: 00-15:15, delivery date and time: Section I: 09:15-1:30; Part II: 13: 00- 15: 00
5. Trading rules for daily settlement of stock index futures: CICC stipulates the daily settlement price of stock index futures: the weighted average price of trading volume in the last hour of futures contracts. Settlement price: the maturity date of the Shanghai and Shenzhen 300 Index now refers to the arithmetic average price of all index points in the last two hours.
6. Restrictions on the fluctuation of stock index futures trading rules: According to the provisions of CICC, the fluctuation of stock index futures is limited to 10% of the settlement price of the previous trading day, and the fluctuation of quarterly and monthly contracts on the first trading day is limited to 20% of the listing benchmark price. The rise and fall of stock index futures contracts on the last trading day is limited to 20% of the settlement price of the previous trading day.
7. Delivery method of stock index futures trading rules: CICC stipulates that the delivery method of stock index futures is cash delivery. The delivery price is determined by the arithmetic average price of the last two hours of the Shanghai and Shenzhen 300 spot index.
8. Stock index futures trading rules Trading place: China Financial Futures Exchange.