虚拟合约是合约交易的买卖对象，是由合约交易所统一制定的，规定了某一特定的时间交割一定数量商品的标准化合约。
Virtual contracts, which are the object of a contract transaction, are consolidated by a contract exchange and provide for standardized contracts for the delivery of a certain number of goods at a given time.
在合约交易过程中，交易的双方将获得各自的权利和义务，例如合约的买卖双方以5000元的价格成交了10份标的为一吨大豆的合约，那么合约的买方即获得了在某月某日以5000元/吨的价格买入10吨大豆的权利和义务，同样的，卖方也获得了在某月某日以5000元/吨的价格卖出10吨大豆的权利和义务。代表了买卖双方所拥有的权利和义务的合约，就是虚拟合约。
During the course of the contract transaction, the parties to the transaction will acquire their rights and obligations, such as the contract between the seller and the buyer of the contract for a price of $5,000, in which case the buyer of the contract will acquire the right and obligation to buy 10 tons of soybean at a price of $5,000 per ton a month, and the seller will acquire the right and obligation to sell 10 tons of soybean at a price of $5,000 per ton a month. The contract representing the rights and obligations of the seller and buyer is a virtual contract.
在大多数时候，投资者并不会实际履行合约的权利和义务，而是在合约生效，也就是交割日之前，通过交易这份合约来获取收益。
In most cases, investors do not actually fulfil their rights and obligations under the contract, but rather earn the benefit by trading in the contract before it enters into force, i.e. before delivery.
当周合约指在距离交易日最近的周五进行交割的合约；下周合约是指距离交易日最近的第二个周五进行交割的合约。季度合约是指交割日为3,6,9,12月中距离当前最近的一个月份的最后一个周五，且不与当周/次周/月度合约的交割日重合。
Quarterly contracts are the last Friday of the current month in mid-December and do not coincide with the day of the week/week/month contract.
用户购买合约时，所需的保证金为成交时刻与合约价值等值得BTC数量除以杠杆倍数。只有账户权益大于等于交易成功后保证金的数量，用户才能进行委托操作。
When a user buys a contract, the amount of security required is worth dividing BTC by a multiple of leverage, such as the time of the transaction and the value of the contract. The user can only commission a transaction if the interest in the account is greater than the amount of security after the transaction has been successful.
在建立合约交易账户时，用户需要选择保证金模式，不同的保证金模式的交易保证金计算方法和风控制度不同。在无持仓无挂单时，即所有合约的保证金为0时，用户可以更改保证金模式。
When establishing a contractual transaction account, the user needs to choose the bond model, and the trading bond calculation method and wind control differ from one security model to another. When there is no warehouse, i.e. when the bond for all contracts is zero, the user can change the bond model.
采用全仓保证金模式时，账户内所有仓位持仓的风险和收益将合并计算，全仓保证金模式下，开仓的要求是开仓后保证金率会根据档位的不同有相应的最少数值。
In the case of the full warehouse bond model, the risks and benefits of holding all the warehouses in the account will be calculated together and, under the full warehouse bond model, the opening requirement is that the post warehouse deposit rate will have a corresponding minimum value depending on the slot.
采用逐仓保证金模式时，每个合约的双向持仓将会独立计算其保证金和收益，只有开仓可用保证金大于等于开仓所需的保证金数量，用户才能进行委托。而逐仓保证金时，每个合约的开仓可用保证金可能不一致。
In the case of a warehouse-by-ware model, each contract’s two-way warehouse would independently calculate its bond and earnings, and the user would be able to commission the deposit only if the available deposit was greater than the amount required to open the warehouse. In the case of a warehouse-by-prior bond, the available bond for each contract might not be consistent.
全仓保证金下，用户的账户权益将根据最新成交价增加或减少；全仓模式下，当用户的账户权益，10杠杆下，合约账户权益不足应有的维持保证金率，20倍杠杆下，BTC合约账户权益不足应有维持保证金率时，系统将会对这个仓位进行强制平仓。而逐仓保证金下，用户某合约某方向的仓位的未实现盈亏将根据最新成交价增加或减少，而保证金将不会变化。当用户某合约某方向的仓位的保证金率小于维持保证金率+平仓手续费的时候会触发爆仓。
Under the full warehouse deposit, the user’s account interest will be increased or reduced according to the latest offer; under the full warehouse model, when the user’s account interest, under 10 leverage, the contractual interest, is under-maintenance rate, under 20 times leverage, and the BTC’s contractual interest, under-maintenance rate, the position will be compulsorily levelled. Under the full warehouse deposit, the user’s unrealized deficit in a location in a particular direction of a contract will be increased or reduced by the latest offer, and the bond will not change. & nbsp;
成交后，则用户持有对应多空方向的仓位。
When a deal is made, the user holds a warehouse space corresponding to a multi-empty direction.
用户也可以根据市场行情，随时调整仓位，通过平仓锁定收益或止损，或继续开仓追增收益。
Users may also adjust their positions at any time in the light of market conditions, locking in gains or stopping losses, or continue to build up gains.
在交割日时，对未平仓的合约按交割指数，每点一美元的价格进行交割平仓。所有平仓产生的收益将汇总至用户合约账户的“已实现盈亏”项。
At the day of delivery, the unsaved contracts are delivered at a cut-off index of $1 a price.
交割完后，系统将穿仓用户损失在所有该合约净盈利的账户中按比例扣除。
Upon completion of the delivery, the system deducts the losses of users in the warehouse on a pro rata basis from all the net profit accounts of the contract.
清算完后，所有已实现盈亏将汇总至账户余额。
After liquidation, all realized gains and losses will be consolidated into the account balance.
该合约结束，交易所发布新合约。
The contract is over and the exchange issues a new contract.
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