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What is the basis for the exchange to issue futures contracts?
Stock index futures contract is a standardized agreement made by futures exchange, and it is the object of stock index futures trading. Generally speaking, stock index futures contracts mainly include the following elements:

(1) contract object. That is, the basic assets of the stock index futures contract, such as the Shanghai and Shenzhen 300 stock index futures contract is the Shanghai and Shenzhen 300 stock price index.

(2) Contract value. The contract value is equal to the product of the index point of the market price of the stock index futures contract and the contract multiplier.

(3) The quotation unit and the lowest price change. The quotation unit of stock index futures contract is the index point, and the minimum change price is the minimum change range of the index point.

(4) Contract month. Refers to the month when the stock index futures contract is due for delivery.

(5) trading time. Refers to the time when stock index futures contracts are traded on the exchange. Investors should note that there may be special regulations on the trading hours of the last trading day.

(6) price restrictions. It means that the fluctuation range of the trading price of a futures contract in a trading day or a certain period of time shall not be higher or lower than the prescribed fluctuation range.

(7) Margin for contract transactions. Contract trading margin accounts for a certain proportion of the total contract value.

(8) mode of delivery. Stock index futures are delivered in cash.

(9) The last trading day and delivery date. Stock index futures contracts shall be settled in cash on the delivery date, and the specific arrangements for the last trading day and delivery date shall be implemented in accordance with the provisions of the exchange.