The settlement of futures exchanges implements a margin system, a daily debt-free system and a risk reserve system. In line with the hierarchical structure of the futures market, the settlement of futures transactions is also hierarchical and hierarchical. The exchange only settles for members, and non-member units and individuals settle through members of futures brokerage companies.

1. The exchange’s settlement of members

(1) After the end of each trading day, the exchange will settle each member’s profit and loss, transaction fees, trading margin and other amounts. . The accounting results are the basis for members to check relevant transactions on the day and settle accounts with customers. Members can obtain the "Member's Day Closed Position Profit and Loss Statement", "Member's Day Transaction Contracts", "Member's Day Trading Contracts" and "Member's Day" through the member service system within the specified time on each trading day. Position Statement" and "Member Fund Settlement Statement".

(2) Members should obtain the settlement results provided by the exchange in a timely manner every day, do a good job of checking them, and keep them properly.

(3) If a member has any objection to the settlement result, he or she should notify the exchange in writing thirty minutes before the market opens on the next day. If the member does not raise any objection to the settlement data within the specified time, it will be deemed that the member has recognized the accuracy of the settlement data.

(4) After the transaction settlement is completed, the exchange will transmit the transfer data of member funds to the relevant settlement bank.

2. The settlement of customers by futures brokerage companies

(1) The settlement method of futures brokerage companies with customers is the same as that of the exchange, that is, after the end of each trading day, each transaction will be settled. A customer's profit and loss, transaction fees, transaction margin and other funds are settled. The transaction fee is generally not less than 3 times the transaction fee standard stipulated in the futures contract, and the transaction margin is generally at least 3 percentage points higher than the transaction margin ratio charged by the exchange.

(2) Futures brokerage companies issue transaction settlement statements to customers after the market closes.

(3) When the customer's margin is lower than the trading margin level specified by the futures exchange after daily settlement, the futures brokerage company notifies the customer to increase the margin in accordance with the method stipulated in the futures brokerage contract, and the customer cannot increase the margin on time. , the futures brokerage company shall forcibly close part or all of the customer's positions until the margin balance can maintain the remaining position.