Cai Yi. Com teaches you that stock index futures are delivered in cash, that is, what does it mean to use cash settlement price difference instead of stocks to settle positions?
Stock index futures are composed of Shanghai and Shenzhen 300 indexes. If physical delivery is adopted, it is impossible to buy all the constituent stocks of Shanghai and Shenzhen 300 at the same time, and it is impossible to make the constituent stocks of Shanghai and Shenzhen 300 just the index price. Therefore, for the sake of price consistency, stock index futures are all delivered in cash, 1 300 yuan, which avoids the trouble of physical delivery.