What does the adjustment date of crude oil share in ICBC account mean?

The adjustment date of crude oil share in ICBC account is a low-risk crude oil wealth management product of ICBC. Account crude oil is a crude oil investment and wealth management product launched by ICBC, which is completely synchronized with international crude oil and North American crude oil. When the price of crude oil is expected to rise, customers can get the spread income by buying first and selling later. When the price of crude oil is expected to fall, the spread income is obtained by selling first and buying later.

Account crude oil has no leverage, so it must be traded in full, and only the share is recorded. It is a bit like paper, gold, paper and silver, so account crude oil is also commonly known as paper crude oil. Account crude oil investment is a bit like stocks, and trading makes money by crude oil price difference. The investment threshold of crude oil in the account is low, and anyone can open an account for trading.

In the future, there will be different contracts for crude oil in ICBC accounts according to the month: 1604, 1605, 1606, 1607, 1608, 1609,/kloc-0.

The maturity dates of crude oil contracts in ICBC accounts are basically 12 and 15, so don't trade last month's contracts during this period, and next month's contracts will start trading after 10. For example, account crude oil 1603 will start trading on March 15. There will be a five-day overlap with the last contract.

Extended data:

Crude oil balance mechanism in account: the oil products in ICBC account are consistent with the futures system. The contract will expire every month, and the liquidation will be forced after the expiration. If it is not delivered in time after buying, it will be forced to close the position at maturity.

The advantages of crude oil in ICBC account are as follows:

1. Account crude oil is a bank product, which is bound with bank cards, and its security is guaranteed, which is also the main reason for many people to trade.

2. The threshold of crude oil account is low, investors can trade 1 barrel of crude oil, and the transaction capital cost is also above 200.

3. The transaction cost of crude oil in the account is very high. For example, buying crude oil in a 100 barrel account requires a transaction cost of 230-250 yuan.

4. The rolling cost of crude oil in the account rolling period is relatively high, mainly the rolling price difference. If there is 100 barrels of crude oil, the rolling period will exceed 500 barrels.

Baidu Encyclopedia-Account Crude Oil