The delivery date of futures can be one week later, one month later, three months later or even one year later. Financial innovation and reform of futures market and industry go hand in hand in many aspects, such as regulatory system reform, product expansion, business innovation and so on.
In the aspect of supervision system reform, it is mainly to promote the reform of handling fee, hedging, arbitrage, margin and position limit in futures market to improve market efficiency; In terms of product innovation, close to the needs of agriculture, countryside and farmers, develop more securities and futures products for agriculture and farmers, and develop financial products such as treasury bonds futures and stock options; In terms of business innovation, futures companies innovate business, promote overseas brokerage business and customer asset management pilot, promote professional futures investment fund pilot, and support qualified futures companies to issue and list.
When the book balance of the margin is lower than the maintenance margin, the trader must replenish the margin within the specified time, so that the balance of the margin account is ≥ settlement price x position x margin ratio, otherwise the exchange or institution has the right to forcibly close the position on the next trading day. This part of the margin that needs to be replenished is called additional margin.
Still according to the above example, suppose that on the third day after the customer bought 50 tons of soybeans at a price of 2700 yuan/ton, the settlement price of soybeans fell to the additional margin. 2600 yuan/ton. Due to the price drop, the customer's floating loss is 5000 yuan (i.e.