Account crude oil has no leverage, so it must be traded in full, and only the share is recorded. It is a bit like paper, gold, paper and silver, so account crude oil is also commonly known as paper crude oil. Account crude oil investment is a bit like stocks, and trading makes money by crude oil price difference. The investment threshold of crude oil in the account is low, and anyone can open an account for trading.
In the future, there will be different contracts for crude oil in ICBC accounts according to the month: 1604, 1605, 1606, 1607, 1608, 1609,/kloc-0.
The maturity dates of crude oil contracts in ICBC accounts are basically 12 and 15, so don't trade last month's contracts during this period, and next month's contracts will start trading after 10. For example, account crude oil 1603 will start trading on March 15. There will be a five-day overlap with the last contract.
Extended data:
Liquidation mechanism of account crude oil: ICBC's account crude oil is based on futures system, and a contract will expire every month, and it will be forced to liquidate after expiration. If you don't ship in time after buying, you will be forced to close your position after expiration.
The advantages of crude oil in ICBC account are as follows:
1, account crude oil is a bank product, which is bound with bank cards, and its security is guaranteed, which is also the main reason for many people to trade.
2. The threshold of crude oil in the account is low, investors can trade 1 barrel, and the transaction capital cost is more than 200 yuan.
3. The transaction cost of account crude oil is very high. For example, if you buy 100 barrels of crude oil, you need to pay the transaction fee from 230 yuan to 250 yuan.
4. Account crude oil rollover also has a high rollover cost, which mainly comes from rollover price difference. If there is 100 barrels of crude oil, it will cost more than 500 yuan to roll over.
Baidu Encyclopedia-Account Crude Oil