What if commodity futures are not delivered on the last trading day?

First of all, this question is not accurate, because the last trading day is not the last delivery day.

problem solving

1. Does your position meet the requirements for placement, such as whether it is a corporate account? Does it meet the minimum delivery requirements? Self-employed individuals cannot participate in delivery. In this case, the futures company will inform you to close the position in advance.

2. Do you participate in the delivery declaration when the delivery conditions are met?

In order to make the delivery work go smoothly, all the delivery procedures of the transaction cannot be delivered unless they are declared according to the delivery procedures.

Participated in the delivery declaration, conforming to the delivery process, but failed to deliver according to its own position on the final delivery date, that is, the buyer failed to pay and the seller failed to deliver.

In this case, the exchange also has countermeasures. The buyer and the seller freeze the deposit in the account first and impose a fine according to the liquidated damages. The specific punishment scheme can be found on the website of the Exchange.

Thank you for browsing and welcome comments!