Futures contracts have their own codes, which are divided into two parts, namely, the letter part and the number part. The letter part represents the type of futures. For example, IF refers to the Shanghai and Shenzhen 300 stock index futures, and there are numbers after the letters. What do the numbers after the futures mean?

What do the numbers after futures mean?

There are four numbers behind futures. The first two numbers represent the future year, which is the year of this century. The last two digits represent the month in which the futures belong. For example, IF2007, the first two numbers 20 represent the twentieth year of this century, that is, 2020; The last two digits 07 represent July, the delivery month of futures, and the maximum value of the last two digits is 12.

As far as contract figures are concerned, the most important thing is the delivery month, because when the contract approaches the delivery month, the fluctuation of futures tends to increase and the exchange will change the margin ratio. If investors want to know clearly the last trading day of investment contracts, they can log on to the official websites of the four major futures exchanges for enquiries.