Once the transaction records are completed, they will be quickly transmitted to the clearing house by brokers and floor operators. The clearing house conducts inspection to confirm the transaction and liquidate the profit and loss results. The transaction price shall be immediately released to the on-site and off-site by the clearing house to complete the price declaration procedure.
In the futures trading of modern computer automatic matching, the trading record is automatically completed by the computer trading system. The computer records the transactions of each member unit in detail, and prints out the transaction list of each member after the transaction is completed for the member unit to check and settle the accounts step by step.
Extended data
Measures for the Administration of Customer Identification and Preservation of Customer Identity Data and Transaction Records of Financial Institutions
Chapter III Preservation of Customer Identity Data and Transaction Records
Article 27 The customer identity information that financial institutions should keep includes information and materials that record the customer identity, as well as various records and materials that reflect the customer identity identification work carried out by financial institutions.
The transaction records that financial institutions should keep include data information, business vouchers and account books of each transaction, as well as contracts, business vouchers, documents, business letters and other materials that reflect the real situation of the transaction as required by relevant regulations.
Article 28 Financial institutions shall take necessary management measures and technical measures to prevent the loss or damage of customer identity information and transaction records, and prevent the disclosure of customer identity information and transaction information.
Financial institutions should take practical measures to keep customer identity information and transaction records, so as to facilitate anti-money laundering investigation, supervision and management.
Article 29 Financial institutions shall keep customer identity information and transaction records according to the following time limits:
(1) Customer identity information shall be kept for at least 5 years from the year when the business relationship ends or the year when the one-time transaction is recorded.
(2) The transaction records shall be kept for at least 5 years from the year when the transaction is recorded.
If the customer identity information and transaction records are related to suspicious transactions in the anti-money laundering investigation, and the anti-money laundering investigation has not been completed at the expiration of the minimum retention period specified in the preceding paragraph, the financial institution shall keep them until the anti-money laundering investigation is completed.
If there are customer identity data or transaction records with different retention periods on the same medium, they shall be kept for the longest period. If the same customer identity data or transaction records are stored in different media, the customer identity data or transaction records in 1 media shall be stored at least according to the above time limit.
Where laws, administrative regulations and other rules require a longer retention period for customer identity data and transaction records, such provisions shall prevail.
Baidu Encyclopedia —— Customer Identification of Financial Institutions and Preservation of Customer Identity Data and Transaction Records
Baidu Encyclopedia-Transaction Records