Friday (2065438+May 2, 20031) is the delivery date of the stock index futures contract 1005. Previously, people in the industry generally believed that there would be no delivery day effect in the market. Judging from the approaching trend on the 20th and the continuous decrease of contract positions in May, this judgment is obviously reasonable.
This contract has an agreed final trading day (that is, the date of final performance of the contract, usually the third Friday of the contract month, which will be postponed in case of national legal holidays), and this trading day is the delivery date of the futures index. When the agreed final performance time comes, the buyer and the seller must close the position (terminate the contract) or make delivery (cash settlement).