The margin deposited by the futures brokerage company in the exchange that has been occupied by the contract is the trading margin; What the contract does not occupy is the settlement reserve.

The amount deposited in the settlement reserve account can be divided into two parts: first, the basic deposit, which is not intended to be misappropriated in normal transactions, is a relatively fixed amount; The second is the deposit that can be used for settlement and transfer. As the settlement reserve is a deposit that is not occupied by futures contracts, for brokers, this settlement reserve is equivalent to the deposit in the exchange, so the exchange has to pay the corresponding interest on the deposit. Under normal circumstances, the exchange pays the deposit interest of the settlement reserve to the securities firm according to the bank deposit interest rate for the same period.

The deposit interest of settlement reserve paid by the exchange to the brokerage company shall be directly transferred through the member's margin account. According to the actual amount of interest paid by the exchange, the brokerage company debits the account of "margin receivable" and credits the account of "financial expenses". After accounting for the margin interest paid by the exchange, the brokerage company shall timely transfer the margin interest received from the settlement reserve account, debit the account of "bank deposit" and credit the account of "margin receivable".

For example, at the end of the third quarter, the balance of settlement reserve fund deposited by a securities firm in Exchange A was 630,000 yuan, of which the balance of basic margin was 400,000 yuan and the available margin for normal settlement was 230,000 yuan. The brokerage company received the exchange interest of 65,438+0.500 yuan in the third quarter at the bank deposit rate (annual interest rate of 65,438+0%).

(1) When the exchange transfers the deposit interest of settlement reserve, the accounting entries of the brokerage company are as follows:

Debit: deposits receivable-foreign exchange 1500

Loan: financial expenses 1500.

(2) When the brokerage company transfers the deposit interest from the margin account, the accounting entries are as follows:

Debit: bank deposit 1500

Loan: Deposit Receivable-Exchange 1500