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Interest payable formula for futures delivery
The calculation formula of interest payable for futures delivery is as follows: interest payable = contract face value × positions × contract delivery interest rate × positions days ÷ settlement cycle days. Among them, the contract face value is the standard value of futures contracts; Open position is the open position of futures contracts; The contract delivery interest rate is the delivery interest rate stipulated in the contract, and the contract delivery interest rate of different varieties is different; Holding days are the natural days of holding period, including weekends and holidays; The number of settlement period days is the natural number of settlement period days, and the settlement period is one month or one quarter.