What is the maturity treatment method of China Bank's personal crude oil treasure?

When the product expires, it will handle the net settlement or warehouse transfer transaction for you according to the expiration treatment method specified by you. The expiration processing method is set by you. Before the product enters the settlement date, you can modify the due processing method.

The net settlement and maturity date movement of the current contract of American crude oil products and the current contract of British crude oil products are completed between 00: 00 and 08:00 on the settlement date. After 08: 00, your normal transaction corresponds to the next contract, as shown below:

Net settlement

After the expiration of the contract, if there is still an unbound balance in your account. On the contract settlement date, Bank of China will freeze your trading account and will settle your account according to the contract settlement price of crude oil products published by Bank of China. Bank of China will use the current contract settlement price to settle the balance of your products and release the frozen deposits. The funds can be used immediately after the settlement is completed by the Bank of China.

(2) Transaction of moving location

After the expiration date, there is still an open contract balance in your account. On the settlement date, Bank of China will freeze your trading account and move your warehouse when it expires according to the settlement price of the current contract and the next contract of crude oil products published by Bank of China.

That is, close all the products you hold according to the settlement price of the current contract, and close the products with the same amount in the next period together with the released margin. If the released margin and available margin are not enough to open the next product with the same quantity, the warehouse with the maximum openable quantity will be opened. If the moved warehouse quantity is less than the initial warehouse opening quantity of 1 barrel, only the warehouse will be closed and the new warehouse will not be opened.

(3) If, by the settlement date, due to abnormal market fluctuations, including ups and downs, one party is unable to conduct transactions, and normal due delivery and warehouse transfer transactions cannot be conducted, it will be postponed to the next trading day. If the next trading day cannot be settled due to abnormal market fluctuations, it will be postponed to the next trading day. By analogy, if the maturity settlement and warehouse transfer cannot be carried out for five consecutive trading days, the maturity will be carried out according to the maturity settlement price published by Bank of China.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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