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How to calculate the futures commission?
First of all, we should know that the handling fees of different futures products are different. Some futures products charge a handling fee according to a fixed amount of each lot, and some charge a handling fee according to a certain proportion of their contract value. For example, gold futures, zinc futures, aluminum futures, tin futures and nickel futures. They are charged at a fixed amount per lot, and the handling fee of the gold futures exchange is 10 yuan/lot; Silver futures, coke futures, coking coal futures, rebar futures etc. According to a certain proportion of the contract value, the handling fee of the silver futures exchange is 0.5%. Before talking about the complexity of futures commission, let's talk about the simplest commission calculation method: that is, the commission for opening and closing positions is the same. For example, the handling fee of rebar futures exchange is 65438+ 0% of its contract value. If the contract value is 3500* 10=35000 at the price of 3500, then the handling fee of the rebar futures exchange is 35000 * 1% = 3.5 yuan. The opening fee is 3.5 yuan, the closing fee is 3.5 yuan (strictly speaking, the closing fee is calculated according to the closing price), and the opening fee is 7 yuan. The second calculation method of handling fee: Ping Jin is free of handling fee, which is very favorable. Simply put, there is a handling fee for opening positions on the same day, and there is no handling fee for closing positions on the same day. So which varieties are calculated in this way? For example, gold futures, Shanghai copper futures and Shanghai zinc futures. Let's take gold futures and Shanghai copper futures as examples. Gold futures commission is charged at a fixed amount per lot, and the exchange commission is 10 yuan. If we need to charge the opening fee of 10 yuan for opening a gold futures today, and if we close our positions before today's close, we will be exempted from the closing fee, then the total opening fee will be 10 yuan. If you open positions today and close positions tomorrow, there will be no discount that will be waived today, so the handling fee for opening and closing positions will always be 20 yuan. Shanghai copper futures is also a kind of free handling fee, and the calculation method is the same. Shanghai copper futures charges a handling fee according to a certain proportion of its contract value, and the exchange handling fee is 0.5%% of the contract value. Assuming that the current price of the Shanghai copper futures contract 1902 is 48,000, the handling fee for opening the first-hand Shanghai copper futures contract 1902 needs 48,000 * 5 * 0.5% =12 yuan; If the position is closed on the same day and the closing fee is free, the total handling fee is 12 yuan. If you open the position today and close the position tomorrow, the closing fee will be calculated according to 12 yuan, so the handling fee will total 24 yuan. The third way to calculate the handling fee is to charge half of the handling fee, which is also more favorable, but it is not enough to just exempt the handling fee discount. Today, the varieties with half of the handling fee are: palm oil futures, soybean oil futures, soybean meal futures and so on. Take soybean oil futures as an example. The soybean oil futures commission is charged at a fixed amount per lot, and the exchange commission is 2.5 yuan. Opening soybean oil futures today requires 2.5 yuan's handling fee. If you close your position today, the closing fee is only half of the opening fee. 1.25 yuan. At this time, the total handling fee for opening and leveling is 3.75 yuan; If you close your position tomorrow, the closing fee is the same as the opening fee. At this time, the total handling fee for opening and closing positions is 5 yuan. The fourth method of handling fee calculation: the handling fee for intraday trading is very high, and this method of collecting handling fee is relatively high. The varieties with high intraday trading fees are: glass futures, methanol futures, ferrosilicon futures, manganese silicon futures and three major stock index futures. Let's take glass futures for example. The glass futures commission is charged at a fixed amount per lot, and the exchange commission is 3 yuan. If we open a position today, the handling fee for opening and closing the position in the case of closing the position tomorrow is also 3 yuan, usually 6 yuan's handling fee; If you open a position today, the opening fee will be 3 yuan, and the closing fee will be 6 yuan, totaling 9 yuan. The fifth calculation method of handling fee: the opening price and closing price of intraday trading are very high, and this method of collecting handling fee is the highest. There are only two varieties with high opening fees for intraday trading: coke futures and coking coal futures. We take coke futures as an example. Coke futures charge a handling fee according to a certain proportion of its contract value. If you do overnight trading, the transaction cost of opening and closing positions is 0.6% of the contract value; If you do intraday trading, the transaction cost of opening and closing positions is 65438+ 0.8% of the contract value. Assuming that the price of coke futures contract 1905 is 1970, if overnight trading is made, the opening fee and flat fee are1970 *100 * 0.6% * 2 = 23.64 yuan respectively; For intraday trading, the Kaiping warehouse fee is1970 *100 *1.8% * 2 = 70.92 yuan. Through the analysis of the above five calculation methods, we know that it will be more cost-effective for some futures varieties to make intraday trading fees, and it will be more cost-effective for some futures varieties to make overnight trading fees. The following table shows the fee classification of all futures products. In this table, we can clearly tell you which products are free of handling charges, which products are charged with handling charges by half, and which ones are high in intraday trading fees or high in opening and closing prices of intraday trading.