BTC is three days away from delivery
2. If there is still a user's strong order that can not be completed until the delivery, the position will be delivered according to the delivery price at the time of delivery, and the resulting loss will be recorded as the loss of the through position user of the contract. After the delivery of the contract in the current week and the settlement of the contract in the next week and quarter, it will be apportioned according to the full account apportionment system to make up for the losses of the customers who cross the position
3. Add the realized profit and loss of the weekly contract into the account balance, and the settlement is completed< br />4､ If there is market manipulation or market abnormality around the time of delivery and settlement, which leads to significant fluctuation of the index or abnormal allocation proportion, we may choose to postpone delivery and settlement according to the specific situation, and the specific rules will be announced
delivery time: 16:00 every Friday (UTC + 8)
I don't think digital currency will have any impact on my life at this stage, but it will have a greater impact on my life in the future
01, 200 yuan digital currency is coming, which has little impact on daily life at this stage< p> With the advent of the Internet era, online payment has become the mainstream means of payment, and people use less and less cash. on October 12, 50000 people were selected from a district of Shenzhen to issue 200 yuan of digital currency to them, and then they were asked to test the effect of digital currencythis matter soon aroused the National hot debate. Many people may not know what the digital currency is. digital currency is not a paper currency, it can be regarded as a of electronic currency. Generally, electronic money is bank card, transportation card, or we often use WeChat payment or Alipay payment. p>
the most important thing is that the central bank can find out who the other party is through information such as transfer, and the digital currency transaction can not be rejected by businesses , which is equal to cash. If the digital currency is fully used, then the era of cash may end and people's life will be more convenient
futures contract is an agreement that the buyer agrees to receive an asset at a specific price after a specified period of time, and the Seller agrees to deliver an asset at a specific price after a specified period of time
the price that both parties agree to use in future trading is called futures price. The specified date on which both parties must conct transactions in the future is called the settlement date or the delivery date. The assets agreed to be exchanged by both parties are called "subject matter"
If an investor takes a position in the market by buying a futures contract (i.e. agreeing to buy on a future date), it is called long position or long in futures. On the contrary, if the position an investor takes is to sell a futures contract (i.e. bear the contract responsibility to sell in the future), he is said to be short or short on the futures<
2. The origin of contract
futures contract refers to the standardized contract formulated by the futures exchange to deliver a certain quantity and quality of goods at a specific time and place in the future. It is the object of futures trading. The participants of futures trading transfer the price risk and obtain the risk return by trading futures contracts in futures exchanges
futures contract is developed on the basis of spot contract and spot forward contract, but the most essential difference between them is the standardization of futures contract terms. In the futures market, the quantity, quality grade and delivery grade of the subject matter, the premium standard of substitutes, delivery place and delivery month of the futures contract are standardized, which makes the futures contract universal
in the futures contract, only the futures price is the only variable, so the open bidding is generated in the trading
3. Contract classification
digital currency contract can be divided into delivery contract and perpetual contract
(1) delivery contract: futures delivery refers to the process in which the trading parties settle the e open position contract by transferring the ownership of the commodity contained in the futures contract when the futures contract expires
(2) perpetual contract: it is a kind of derivative similar to leveraged spot transaction, and it is a digital currency contract proct settled in BTC, usdt and other currencies. Investors can buy long to get the income of the rising price of digital currency, or sell short to get the income of the falling price of digital currency
there are some differences between perpetual contracts and traditional futures: they have no expiration time, so there is no limit on the holding time. In order to keep track of the underlying price index, the perpetual contract ensures that its price closely follows the price of the underlying asset through the mechanism of capital cost.
I think the following reasons may have been considered:
① in order to distinguish soybean varieties, so as to avoid confusion and mistakes ring delivery,
② the transaction of soybean No.1 is relatively active, and the delivery warehouse needs 7 days to arrange delivery; Soybean No.2 is not active, and delivery is not much
③ the delivery date is staggered, which reces the workload of delivery warehouse
I think so, maybe there are other comprehensive factors, ha ha~
Commodity futures are different in variety and delivery time. Generally, commodity futures are delivered on the third Friday of the contract month
The essence of buying and selling stock index futures is to sign a contract with others to buy and sell futures index at the agreed price and quantity within the agreed time1. This contract has an agreed final trading day (that is, the day when the contract is finally performed, which is generally the third Friday of the contract month and postponed in case of national legal holidays), which is the delivery date of the futures index
When the agreed time of final performance is up, the buyer and the seller must close the position (terminate the contract) or deliver (cash settlement) Second, there are differences among different varieties. The delivery date of some varieties is one day, while others are several days. The final trading date and delivery date of main varieties are as follows:1, copper, zinc, aluminum, natural rubber, steel and gold
(1) last trading day: the 15th day of the delivery month (2) delivery date: five consecutive working days after the last trading day< 2. Fuel(1) last trading day: the last trading day of the month before the contract delivery month
(2) delivery date: five consecutive working days after the last trading day3. Sugar, cotton, PTA, rapeseed oil
(1) last trading day: the 10th trading day of contract delivery month
(2) delivery date: the 12th trading day of the contract delivery month4. Soybean 1, soybean 2, soybean meal and soybean oil
(1) last trading day: the 10th trading day of the contract month
(2) delivery date: the last trading day is the seventh, third and fourth day respectively5, l, corn, PVC, palm oil
(1) last trading day: the 10th trading day of the contract month
(2) delivery date: the last trading day is the second trading day
extended data
commodity futures delivery process:
I. seller delivery process
1. Seller's delivery process:
delivery forecast - goods warehousing (delivery warehouse acceptance) - delivery warehouse or designated quality inspection agency inspection - delivery warehouse issues "application form for registration of standard warehouse receipt" - register standard warehouse receipt at the exchange - deliver warehouse receipt at the exchange - participate in delivery, obtain payment for goods and issue VAT invoice
2. If the standard warehouse receipt is registered in the factory warehouse, the delivery process starts from "the delivery warehouse issues the standard warehouse receipt registration application form" in the above process
3. The seller must register the standard warehouse receipt before the closing of the market on the final delivery day and deliver the warehouse receipt to the exchange, otherwise it will be judged as breach of contract. During rolling delivery, the seller will get 80% of the payment after settlement on the settlement day, and the balance will be settled after submitting the special VAT invoice. For one-time delivery, the seller will get 80% of the payment after settlement on the final delivery day, and the balance will be settled after submitting the special VAT invoice
Second, the buyer's delivery process1. The buyer's basic delivery process:
payment for goods - receiving the holding certificate of standard warehouse receipt - canceling the standard warehouse receipt, receiving the delivery notice - handling the delivery proceres at the delivery warehouse with the delivery notice - commodity delivery
When rolling delivery, the buyer must transfer the full amount of payment to the exchange account before settlement on the settlement day. For one-time delivery, the buyer must transfer the full amount of payment to the exchange account before the final settlement date3. During rolling delivery, the customer will receive the "standard warehouse receipt holding certificate" after settlement on the settlement day. For one-time delivery, the customer shall receive the "standard warehouse receipt holding certificate" after settlement on the final delivery day