The settlement price of the day refers to the weighted average price of the transaction price of the futures contract in the last hour according to the volume (the calculation result is retained to one decimal place). In the actual calculation, please pay attention to the following special circumstances:
(1) If the transaction is interrupted in the last hour due to system failure or other reasons, the last hour after deducting the interruption time shall be regarded as the whole hour.
(2) If there is no transaction in the last hour of the contract, the transaction price of the previous hour shall be the settlement price of the day according to the weighted average price of the transaction volume. If there is still no deal during this period, push it forward for another hour. And so on. If the last transaction on the day of the contract is less than one hour away from the opening time, the weighted average price of the whole day's trading volume shall be taken as the settlement price of the day.
Extended data:
Accounting treatment:
In the Interim Provisions of the Ministry of Finance [1997] No.44 on Financial Management of Commodity Futures Trading, it is clearly pointed out: "Floating profit and loss, also known as position profit and loss, refers to the potential profit and loss calculated according to the initial transaction price of the contract and the settlement price on the settlement date." There are the following provisions on floating profit and loss: the exchange "shall not calculate the floating profit and loss of members as the margin required for opening new positions".
The futures brokerage institution shall adjust the amount of the customer's margin deposit account on a daily basis according to the floating profit and loss of the customer. The floating profit of customers shall not be calculated as the margin required for opening new positions "; Futures investment companies "have bought or sold futures contracts without reverse trading."
For the floating gains and losses caused by price fluctuation in the futures market, the enterprise should adjust the amount of the margin account according to the floating profit and loss list and capital settlement sheet issued by the futures brokerage institution or the futures exchange, and set up a special account as the property loss to be handled accordingly, which will not be included in the current profits and losses, but it should be stated in the annual financial report that "floating losses cannot be included in the current profits and losses in advance".
Baidu encyclopedia-position profit and loss