Futures silver 20 12, futures price: 5286, contract unit: 15kg/ lot, handling fee ratio: 0.00005: 1. The handling fee for silver is about 4 yuan, and the handling fee for silver 20 12 is 5286× 15×. Silver futures refer to futures contracts with silver price as the subject matter at a certain point in the future. Silver futures contracts are standardized futures contracts, which are formulated by the corresponding futures exchanges. The detailed silver specifications, silver quality and delivery date are clearly stipulated above.

The listing significance of silver futures;

1. The design scale of silver futures contracts is moderate.

If the price of silver is 6-7 yuan/gram, the value of a silver futures contract is between 90,000 yuan-10.5 million yuan. If the margin stipulated by the futures company is 12%, it is generally around 10000 yuan. Compared with Japan and India, the trading unit of silver futures contracts in the United States is relatively large. Compared with most varieties, the scale design of domestic silver futures contracts is quite satisfactory.

2. The design of margin system is conducive to improving the efficiency of hedge funds.

There are four stages in the listing operation of silver futures contracts: 7%, 10%, 15% and 20%, which are the same as the design of gold futures. This design is different from the multi-scale proportion of copper, aluminum, lead, zinc, rebar and wire. Simplifying the trading margin ratio and reducing the maximum ratio is conducive to improving and optimizing the use efficiency of silver futures hedging funds.

3. The design of the daily limit board system is slightly different from other varieties.

When D 1 and D2 trading days meet the unilateral price limit of silver futures in the same direction, D2 silver futures contract will increase by 6 percentage points on the basis of D 1 price limit range, which is 1 percentage point higher than the price limit range of gold, copper, aluminum, lead, zinc, rebar and wire rod.

4. The design of warehouse limit is beneficial to enterprise hedging.

In the design of position restriction system, silver futures contracts are limited to 600 lots within the delivery month by members and customers of non-futures companies, which is higher than the 300 lots stipulated in gold futures, which is beneficial for silver-related enterprises to participate in hedging.