In the futures market, traders can pay a small amount of money according to a certain proportion of the price of futures contracts as financial guarantee for the performance of futures contracts and participate in the trading of futures contracts. This kind of money is the futures margin.
Collect futures margin:
Generally speaking, the funds paid by member units to the exchange according to fixed standards are prepared in advance for transaction settlement.
Settlement reserve refers to the funds prepared in advance by members in the special settlement account of the exchange for transaction settlement, which is the deposit not occupied by the contract. The minimum balance of the settlement reserve shall be determined by the exchange.
The minimum balance of clearing reserve for members of futures companies is RMB 2 million, and the minimum balance of clearing reserve for members of non-futures companies is RMB 500,000. If the balance of the member's settlement reserve is greater than zero and lower than the minimum balance of the settlement reserve, the exchange will issue a notice of additional margin through the "member service system" and prohibit members from opening new positions before the margin is replenished; If the balance of settlement reserve is less than zero, the Exchange will issue the Notice of Additional Margin and the Notice of Forced Closing through the Member Service System. If it is not replenished before the market opens on the next trading day, the exchange will forcibly close the position of the member according to relevant regulations.
Balance of provision for settlement on the current day = balance of provision for settlement on the previous trading day+trading margin on the previous trading day-trading margin on the current day+actual offset amount on the current day+profit and loss on the current day+deposit on the current day-withdrawal on the current day-transaction fee+other funds, etc.