Announcement on Launch of Daily Settlement for Coin-Margined Futures

Dear value users,

To effectively improve the fund utilization for our users, Huobi Futures will support daily settlement for coin-margined futures at 16:00 on January 7, 2021 (GMT+8) on a trial basis until June 30, 2021 (GMT+8).

Daily settlement: users' unrealized PnL will turn to the realized PnL after the daily settlement at 16:00 (GMT+8). With no need to wait until the settlement or delivery every Friday, the daily settlement function allows traders to withdraw the realized profits (minus unrealized loss and occupied margin) instantly after the daily settlement at 16:00 (GMT+8), which effectively improves the utilization of funds.

Expirations

Settlement and delivery method before modification

Settlement and delivery method after modification

Weekly

Delivered at 16:00 (GMT+8) every Friday

Delivered at 16:00 (GMT+8) every Friday; settled at 16:00 (GMT+8) every day except for Friday.

Bi-weekly

Settled at 16:00 (GMT+8) every Friday

Settled at 16:00 (GMT+8) every day

Quarterly

Settled at 16:00 (GMT+8) every Friday

Settled at 16:00 (GMT+8) every day

Bi-quarterly

Settled at 16:00 (GMT+8) every Friday

Settled at 16:00 (GMT+8) every day

Reminder: if there should occur a violent market, Huobi Futures has the right to temporarily suspend the daily settlement without further notice. Please be aware of the risk.

Thank you for your support to Huobi Futures!

 

Huobi Futures

Jan. 5, 2021

 

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