The futures settlement center is an independent legal person institution, independent of the futures exchange, but in close cooperation with it. It has the following main responsibilities:
1. fund settlement: according to the profit and loss of futures contracts, calculate the fund settlement between trading participants to ensure the timely and accurate allocation and settlement of funds.
2. Position delivery: responsible for the physical delivery of futures contracts and the cash delivery at the expiration of forward contracts to ensure the smooth delivery between trading participants.
3. Risk management: By establishing a risk monitoring system and taking risk control measures, the market transaction risks are monitored and managed to ensure the stable operation of the market.
Generally speaking, the futures clearing center plays a vital role in the operation of China Futures Exchange, maintaining the normal operation of the market through the settlement and delivery of trading funds and positions, and ensuring market stability and capital security through risk management measures.