What is the last trading day of the contract

The last trading day of the contract is the third Friday of expiration. For example, if the IF0607 contract, the last trading day of the contract is July 21, 2006. At the same time, the last trading day is also the last settlement day. After this day, the exchange will settle in cash according to the delivery settlement price.

1. The last trading day of the ** contract refers to the last closing day of the settlement month allowed by the ** or option contract. It is usually the tenth trading day of the delivery month. If it is a pure speculative transaction, it will be transferred with the transfer of the main contract, because the margin will increase as the delivery month approaches, and the transaction will not be active.

2. The last trading day refers to the last trading day of a certain ** contract in the delivery month, and the open positions after this trading day must be delivered in physical or cash according to the regulations. The last trading day of the contract must be settled in spot, financial instrument, or according to the agreement of the ** contract. Commodity exchanges have different contract months for each commodity**.

It varies depending on the commodity, and generally depends on the harvest season and transportation period of the commodity. The delivery month of metal raw materials is not seasonal, and the delivery month of wheat and other agricultural and sideline products is seasonal. Some commodity exchanges allow buyers and sellers, or either party, to take delivery on any day of the delivery month.

The same commodity** contract can stipulate different delivery months, the nearest month, and the forward can be up to two years.

3. A futures contract is a standardized contract that is formulated by the exchange and stipulates a specific time and place for the delivery of a certain quantity and quality of commodities. It is achieved through an open auction.

The last trading day refers to the expiration of the ** contract, the cessation of trading, and the start of delivery.

The last delivery date means the deadline for the cessation of delivery.

The last trading day refers to the last trading day of a certain ** contract in the delivery month, and the last trading day of the contract must be in spot and financial instruments.

or settle according to the agreement of the ** contract. Open interest after this trading day must be delivered in physical or cash as required.

Settlement date: It refers to the date on which the parties to the transaction agree to exchange money. Generally, there are **delivery date, **delivery date, and stock index**.

Delivery date. In the case of the Hit High** contract, the delivery date is the date on which the commodity must be delivered. If you do not wish to take delivery, you must close your position before the delivery date or the last trading day.

Further Information] The last trading day is the last trading day of the month in which the **contract is delivered. The ** contract that has not been settled within the time limit shall be settled by spot or cash settlement. Since the deadline is usually at the end of the month, the next trading day is usually set as the last trading day of the month.

But some exchanges such as Hong Kong.

Set it as the penultimate trading day of the month. The last trading day is also an important clause in the contract. As long as there are still open positions after the last trading day.

These positions must be settled regardless of whether a trader buys or sells** contracts. If the trader does not want to take delivery, he must close the position on or before the last trading day.

In the case of ** contracts, the delivery date refers to the date on which the commodity must be delivered. In commodities** trading, individual investors do not have the right to hold their positions until the last delivery date. If they don't close their positions on their own, they will be forced to close their positions by the exchange.

All consequences arising therefrom shall be borne by the investor. Only apply for hedging with the exchange.

Spot companies that are qualified and approved can only keep their positions until the last delivery date and enter the delivery process because they have the need and qualifications for hedging.

The delivery of China's stock index** is based on the arithmetic average of the last two hours of the spot index.

calculated, so on the delivery date, **** will be forced to converge to the spot. Here we use the price of the delivery contract.

The difference between the settlement price and the settlement price of the delivery contract to reflect the current** convergence of the delivery contract. Because in the actual trading process, due to the influence of transaction costs, stock index liquidity and other factors, the difference between the ** price of the delivery contract ** and the settlement price of the delivery contract may not completely converge to zero.

What is the last trading day of the Yu Hao of the Hezhu Tong Lead Contract?

The last trading day of the contract is the third Friday of the contract expiration month. For example, if the third Friday of the July 2007 contract is the 20th, the last trading day of the contract will be July 20th. At the same time, the last trading day of Lunqiao is also the last settlement day.

After this day, the exchange will settle in cash according to the delivery settlement price. ;

When investing in warrants, we often see or hear about the concepts of "last trading day" and "expiration date", but many investors are not clear about the difference between them, and sometimes even confuse the two. In fact, the "last trading day" and the "expiration date" are not the same: the "last trading day" refers to the last day on which the warrants can be traded in the secondary market, after which the warrants will not be able to be circulated in the secondary market, and investors holding the warrants will not be able to sell the warrants, but can only choose whether to exercise them; The "expiration date" refers to the date on which the duration of the warrant expires, after which the warrant will become a piece of waste paper and no longer have any value, regardless of whether the investor has chosen to exercise the warrant before.

According to Article 14 of the Interim Measures for the Administration of Warrants promulgated by the Shanghai and Shenzhen Stock Exchanges, the trading of warrants shall be terminated but may be exercised five trading days before the expiration of the warrants. The first five trading days here include the expiration date, i.e., if the expiration date is t, then the t 5 trading day is the last trading day of the warrant.

For example, the "last trading day" of the petrochemical CWB1 is February 24, 2010, the exercise period is the trading day between February 25, 2010 and March 3, 2010, and the "expiration date" is March 3, 2010, that is, the petrochemical CWB1 exits the secondary market after February 24, 2010, no longer trades, and then enters the exercise period, which lasts until the completion of the exercise on March 3, after which the duration of the petrochemical CWB1 expires and ceases to exist.

When buying and selling warrants, investors must pay attention to the difference between the "last trading day" and the "maturity date", otherwise it may cause unnecessary losses. For example, when an investor's warrant has reached its last trading day and is deeply out-of-the-money, if the investor mistakenly regards the "expiration date" as the "last trading day", thinking that the warrant still has a few days to trade and expects to win the doomsday round, it is very likely that the warrant will lose its capital as the warrant goes to zero.

Therefore, investors should clearly distinguish between the "last trading day" and the "expiration date" to prevent similar mistakes. In fact, according to Article 15 of the Interim Measures for the Administration of Warrants, the issuer will issue an indicative announcement of termination of listing at least 7 working days before the expiration of the warrants. Therefore, investors who purchase warrants, especially out-of-the-money warrants, must always pay attention to whether the issuer has issued a suggestive announcement, and when they see the suggestive announcement, they should inquire about the relevant information of the warrants and be vigilant against the arrival of the last trading day.

In addition, if the investor still holds the warrant on the last trading day of the warrant, there are two options: for the in-the-money call (put) warrant, if the negative premium is large, and the investor is bullish (bearish) about the future trend of the underlying stock, he can choose to continue to hold the warrant in his hand and wait until the exercise date to exercise the warrant, otherwise he can sell the warrant in time on the same day to prevent losses in the future.

White Sugar Contract.

1105 The last bai trading day is that the contract du is about to be delivered, stop zhi trading, the main contract dao

It has been transferred, and it is waiting to be handed over at this time.

Circumcision, do you understand? For stock indexes, the last trading day is the delivery date. There are many delivery days for commodities, and they will be postponed in case of holidays, and the last delivery day will pass, and it will not be delivered.