(1) Protect the interests of the brokerage firm. When the customer fails to pay for some reason, the brokerage firm will compensate with the deposit.
(2) In order to control the speculative activities of the exchange. In general, the down payment is about 10% of the total contract price. Margin is essentially a sum of money paid by a trader to a commodity clearing house through a broker, without calculating interest, to ensure that the trader has the ability to pay commissions and possible losses. But trading margin is by no means a margin for buying and selling futures.
2. Occupancy margin: Take 500 barrels of offshore spot crude oil as an example. The leverage ratio of offshore oil margin is 3%, and the spot price of 500 barrels of spot crude oil is150 thousand yuan. According to the trading rules, investors need to pay a deposit of 4,500 yuan to trade 500 barrels of CNOOC, which is the so-called occupation deposit.
3. Short position: The standard concept is that the account equity is negative, which means that the deposit is not only gone, but also owed. Under normal circumstances, under the daily liquidation system and the compulsory liquidation system, there will be no explosion of positions. However, in some special circumstances, such as when there is a gap change in the market, accounts with more reverse positions are likely to explode. (However, in China, a short position often just means that the margin is insufficient and the position is automatically closed by the system. In the standard concept, the situation of negative account equity is called "through positions" in the industry. This kind of situation rarely happens under the current computer technology ability. )
4. Handling fee: This is the transaction fee paid by the spot crude oil investor in each transaction, which is automatically deducted according to a certain proportion according to the current price of the investment target. The handling fee standard of Xihui is 0. 14% in both directions.
5. Spread: It can be understood as the transaction service fee charged by each exchange to all investors.
6. Deferred charges: Deferred charges are in the external market, and similar charges are called warehouse interest or overnight charges. The purpose is generally understood as a price means to encourage intraday trading. Like the outer disk, the delay fee of the inner disk is automatically calculated and deducted according to a certain proportion according to the daily settlement price.
7. Position: Position refers to the amount of funds owned or borrowed by investors. Position is a market agreement, which promises to buy and sell the initial position of the standard contract. The buyer of the standard contract is long and expected to rise; Sell the standard contract as an empty position, and the empty position is in the expected position.
8, buy more: buy a standard contract, the contract price can be profitable, commonly known as buy more.
9. Short selling: A transaction in which the standard contract is sold and the contract price drops to make a profit is usually called short selling.
10, liquidation: refers to the behavior of spot crude oil traders to buy or sell spot contracts with the same variety and quantity but opposite trading directions, and end spot trading. Simply put, it means "sell what you bought and buy what you sold (short)."
1 1. Leverage: Leverage trading is also called virtual trading and deposit (margin) trading. That is, spot crude oil investors use their own funds as a guarantee to enlarge the financing provided by banks or brokers to trade spot crude oil, that is, to enlarge the trading funds of spot crude oil investors. The financing ratio is generally determined by banks or brokers. The greater the financing ratio, the less money customers need to pay.