Today, let’s talk about what the stock index futures delivery day is. Trading stock index futures essentially involves signing a contract with another party to buy or sell futures at an agreed-upon price and quantity within a specified time frame.

This contract has an agreed-upon last trading day (the final day to fulfill the contract, usually the third Friday of the contract month, postponed in case of national holidays), which is the delivery day of the futures. When the agreed-upon final fulfillment time arrives, both buyers and sellers must close their positions (terminate the contract) or settle (cash settlement).

Delivery Day

For futures contracts, the delivery day refers to the date on which the delivery of the commodity must occur. In commodity futures trading, individual investors do not have the right to hold positions until the final delivery day. If they do not close their positions voluntarily, the exchange will forcibly liquidate their holdings, and all resulting consequences shall be borne by the investors themselves. Only现货 enterprises that have applied for and obtained hedge qualification from the exchange can hold positions until the final delivery day and enter the delivery process, as they have the need and eligibility for hedging.

Delivery

Delivery refers to the transfer of the actual commodity between the seller and the buyer of a futures contract. The delivery location is the designated delivery warehouse of the futures exchange. Delivery methods include mutually offsetting certain futures contracts at an agreed price during trading hours and completing the delivery off-exchange, or conducting delivery after entering the delivery period. Stock index contracts are settled in cash.