Delivery liquidation refers to the settlement of contracts that have not been hedged before the expiration by delivery of physical objects. So, is it necessary to close the position when futures are delivered? Let's take a look together.

Is it necessary to close the futures delivery?

Yes, futures contracts that fail to close their positions at maturity will be forced to close their positions. Forced liquidation refers to the situation that the securities company unilaterally disposes of the customer's collateral according to the contract and forces the customer to repay the margin debt when the customer fails to make up the collateral in time, the margin debt is not repaid due or there are other circumstances agreed in the contract.

What about the delivery date of the futures contract?

1. Generally speaking, the delivery date is the third day in the delivery process, and the contract buyer's settlement company needs to deliver the delivery notice together with a fully certified check to the contract seller's settlement company's office on the delivery date;

2. The delivery date of the option is the third Friday of each month, and the change of the futures price is synchronized with the change of the relevant spot price, and gradually approaches with the approach of the contract expiration date;

3. The delivery date of futures contract is the last date that can be traded. Different types of futures contracts have different delivery dates. Users with positions can consult the futures company that opened the account, or go to the relevant exchange in official website.