Influence of delivery settlement price: In commodity futures market, delivery settlement price has no influence on the seller's pre-tax income, because the seller calculates the profit and loss according to the opening price, but it has a great influence on the profit, because the VAT invoice issued by the seller is based on the delivery settlement price. If the settlement price is much higher than the seller's opening price, the seller's profit will be greatly affected. For the sellers and deliverymen who take part in intertemporal arbitrage and deliver passively, the settlement price of delivery has a considerable impact on the final profit of the whole scheme of passive receiving and throwing forward after intertemporal arbitrage failure, because for such sellers and deliverymen, the cost price is the monthly settlement price of receiving goods, and if the settlement price of monthly delivery is too high, the final profit may be negative. Stock index futures are cash delivery and do not involve VAT invoices.
Tips: The above information is for reference only.
Reply time: 2021-11-09. Please refer to the latest business changes announced by Ping An Bank in official website.