Brief introduction of crude oil in ICBC account:
ICBC account crude oil products are launched on schedule, and each product has a transaction start date, a transaction end date and a settlement date. Customers can only trade during the trading hours between the trading start date and the trading end date of each product. Specifically, the trading start date refers to the first trading day of a crude oil product in the installment account. The transaction date refers to the last trading day of crude oil products in the installment account. The settlement date refers to the date when China Industrial and Commercial Bank makes fund settlement for customers who still hold account crude oil according to the published settlement price of account crude oil products after the product expires. ICBC will announce the product release plan in advance, as well as the transaction start date, transaction end date and settlement date of each product. There is about 40 days from the trading start date to the trading end date of each product, and there is generally an overlap period of about 5 trading days between two adjacent products, that is, the trading start date of the latter product is about 5 trading days earlier than the trading end date of the previous product.