What is the account of crude oil transfer period
International crude oil is a monthly trading and settlement, are divided into monthly crude oil 01 month crude oil 06 month crude oil in December, and the transaction time we close the current contract, or short-term contracts, it is the transaction of the spoken language, and, in December of this contract, we call forward contracts, and the futures market is any of a short-term contract and long-term contracts can be traded, crude oil accounts only trading of short-term contracts, but no matter what the transaction contract, is to end the delivery, namely the international regulations.
Account transfer of crude oil is holding accounts of crude oil products to customers to provide working behavior, according to the relevant instructions of customers, products can be in the conversion period (generally overlapping period, the same varieties of crude oil accounts of two adjacent stages of product term of 5 days), through the trading system function automatically finish open the product and at the next product.
A contract is automatically moved to the next month after the expiration of the contract. The general disk have this concept
