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When will the stock index futures SSE 1904 be delivered?
The delivery of stock index futures means that after the futures contract expires, investors need to fulfill the corresponding contractual obligations and deliver the corresponding futures contract at the specified price and quantity. SSE 1904 is one of the Shanghai and Shenzhen 300 index futures contracts, and the delivery date is the third Friday of the contract month. Therefore, the last trading day of the SSE 1904 contract is April 20 19, and the last delivery date is April 24, 20 19. Before the final delivery date, if investors don't want to perform the contract, they can close the position in advance or roll the contract to the next contract month.

In order to reduce the risk of futures investment, China futures market adopts cash delivery to deliver stock index futures. Cash delivery refers to cash settlement at the time of delivery, and futures commodities are not actually delivered. Take the above 1904 contract as an example. When the delivery date comes, the exchange announces the settlement price according to the Shanghai and Shenzhen 300 Index at the close of the delivery date, and calculates the ups and downs of each contract. If the settlement price on the delivery date is higher than the price when investors buy futures contracts, investors will get benefits; If it is lower than the purchase price, investors will suffer losses.

Investors should note that before the actual delivery, the operation of futures positions will have an impact on investors' futures delivery. For example, if investors have open contracts before the delivery date, they need to pay the corresponding delivery deposit before the delivery date. In addition, if there is not enough cash in the investor's account for delivery when the contract expires, the exchange will automatically close the position to ensure the delivery of the contract. Therefore, investors need to prepare relevant funds before the delivery date to avoid the risk of automatic liquidation of contracts due to insufficient funds.