If client account contains insufficient trading currency or deficit in any currency due to trading loss, this negative balance will be charged with interest.

Every trading contract has a variety of trading hour, please refer to the link and the trading volume differs correspondingly.

Before trading, client must understand the contract settlement method (physical delivery or cash settlement). Some dates are important such as First Notice Date and Last Trading Date.
All Foreign Futures contracts traded through Phillip can only be settled by cash and no physical delivery is made. Client will be requested to close out or to rollover the position 1 day before First Notice Day and Last Trading Day. If client’s position is not squared by the above designated time, Phillip will assist to liquidate your position(s) around 00:00 a.m.(HK time) on the designated day. This is necessary in order to prevent any physical delivery of the contract which we do not facilitate. The liquidation by Phillip will be carried out with our best efforts. In the event that we are unable to carry out the liquidation successfully, we will not be held liable to our clients for any direct or indirect loss, cost or damages.
For the cash settlement contracts, settlement price quoted from the relevant exchange will be applied.

For contract of physical delivery, seller can any time after the First Notice Date exercise the right to deliver. In that case, client long buying the contract must close out or rollover the position 1 day before First Notice Date. On the other hand, client short selling the contract can hold till the Last Trading Date or designated day from Phillip.

Client holding corresponding position, no matter long buying or short selling, must close the position one day before the last trading date. Contract settled by cash can be held until settlement. Profit and loss will be calculated according to settlement price released by exchange.