Futures trading represents the buying and selling of a commodity in the future. Depending on the time, futures have different months, and many investors will hold futures until maturity. What happens if you hold futures after maturity?

What happens when futures are still held when they expire?

The maturity date of futures generally refers to the delivery date. In actual investment, individual investors can't hold expired futures. If it has been held, the futures exchange will forcibly close the position according to the settlement price of the last trading day before the futures delivery date. Only the spot enterprises that apply for hedging qualification from the exchange and get approval can hold their positions until the final delivery date and enter the delivery procedure.

In fact, when the delivery date approaches, futures will also undergo many changes. First, after the maturity date, the exchange will gradually increase the margin, because when the delivery date approaches, the fluctuation range of futures will generally expand, and the margin ratio will generally match the risk direction, so the margin will also increase.