What will happen if stock index futures don't close their positions at maturity?
Will be forced to close the position, after the futures expire, either investors sell themselves, or forced to sell, choose one. However, only the compulsory warehouse has compulsory liquidation, and the right warehouse has no compulsory liquidation. Please refer to the compulsory liquidation conditions agreed in the contract.
Stock index futures contracts, like other futures, need to be delivered at maturity. Delivery in futures refers to the process that when the contract expires, both parties to the transaction settle the outstanding contract by transferring the ownership of the subject matter contained in the contract or settling the cash difference at the specified settlement price according to the rules and procedures of the futures exchange.
However, general commodity futures, treasury bonds futures and foreign exchange futures are delivered in kind, while stock index futures and short-term interest rate futures are delivered in cash. The so-called cash delivery means that there is no need to deliver a basket of stock index components, but the spot index on the maturity date or the next day is used as the final settlement price, and the position is closed through profit and loss settlement at the final settlement price.
It should be noted that when buying and selling futures contracts, both parties need to pay a small sum of money to the clearing house as a performance bond, which is called a deposit, and the deposit is divided into settlement reserve and trading deposit.