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What are the rights and obligations of the margin depository bank in the stock index futures market?
Hello, the margin depository bank refers to the bank designated by the exchange to assist the exchange in handling futures trading settlement business. In futures trading, due to the frequent exchange of funds, if the exchange and members' funds are not in the same bank, it will inevitably affect the efficiency of fund allocation. To this end, the Exchange stipulates that the Exchange shall open special settlement accounts in various margin depository banks for depositing members' deposits and related funds. Members are required to open a special settlement account in the margin depository bank to deposit the margin and related funds.

The rights of the futures margin depository bank are:

1. Open a special settlement account for the exchange and a futures margin account for members.

2. Margin-related funds such as futures trading margin.

3. Understand the credit status of members in the exchange.

4. Other rights stipulated by laws, administrative regulations, rules and exchanges.