How to settle the futures trading on the same day?
After the daily trading, the Exchange shall settle the profit and loss, trading margin, handling fees, taxes and other expenses of all contracts at the settlement price of the day. The settlement of futures trading shall be organized by the futures exchange. Investors only need to pay attention to the price given by the futures exchange, which shall prevail. The settlement of the futures exchange shall be carried out at different levels, and the futures exchange shall notify the members of the settlement results in time after the settlement of the transactions on the same day is completed.
Among them, the exchange's settlement of members is based on the exchange's profits and losses, trading fees, trading deposits and other funds for each member after the end of each trading day. The futures brokerage company's settlement of customers is the same as that of the exchange, that is, after the end of each trading day, the profit and loss, trading expenses, trading margin and other funds of each customer are settled.
The settlement of futures exchanges adopts margin system, daily debt exemption system and risk reserve system. The exchange will implement one-time net transfer and other operations, and increase or decrease the settlement reserve of members accordingly. At the time of settlement, if the customer's deposit is insufficient, the Exchange shall immediately issue a notice to the customer to recover the deposit.
Summary: Futures are settled without liabilities on the same day. After the daily closing, futures exchanges and futures companies shall settle the positions and profits of the day according to the settlement price of the day.