In the case that futures companies strictly implement the debt-free settlement system on the same day, cross-warehouse events are not common, but occasionally occur. When the market situation changes greatly, if most of the funds in the investor's margin account are occupied by the trading margin, the trading direction is opposite to the market trend, and because of the leverage effect of the margin trading, there may be short positions.
The futures market abides by the principle of "buying and selling at your own risk", and the loss of positions is the result of investors' trading, which exceeds the futures margin paid to futures companies. Therefore, part of the losses except the deposit paid by the futures company to the futures exchange for investors belong to the financing provided by the futures company to investors. Therefore, futures companies have the right to recover from investors, and investors should fulfill their liability for compensation.
Extended data:
Obviously, as long as the Shanghai and Shenzhen 300 index futures do not fall below 3000 points, customers will not wear positions, because when they fall from 4000 points to 3000 points, the falling point is 1000 points. According to the 300 yuan calculation of the Shanghai and Shenzhen 300 index futures contract, the customer's loss = 1, 000× 300 = 300,000 yuan, which is exactly equal to the customer's initial deposit.
Of course, unless the market fluctuates violently, the risk control mechanism of futures companies will generally not allow customers' positions to enter such a risk situation. Usually, when the customer's rights and interests can only reach the margin level charged by the exchange (that is, trigger a strong leveling point), the futures company will issue a notice of insurance recovery to the customer.
And closely monitor customers' accounts and markets. When the customer's risk situation continues to deteriorate and there is no sign that the market is developing in a direction conducive to customer positions, the futures company will implement compulsory liquidation after fulfilling the necessary notification obligations.
Then, what is the point that the media said that "customers can still trade after wearing a position of xx million"? For the above customers, as long as the Shanghai and Shenzhen 300 index futures do not fall below 3409.438+0 points, the available funds in the customer's account are positive. Because at 3409. 1, the position margin is 122727.6 yuan (note that the position margin is reduced because of the reduction of points).
Baidu encyclopedia-chuancang