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Currencies

Currencies

Currencies

USD-Chinese Yuan Futures

Chinese Yuan- United States (USD-CNH) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies. The USD-CNH contract is relevant to the region as China is one of the largest trade partner of UAE. China is the second largest economy in the world and the largest economy by PPP standards.

 

Contract

Parameters

Contract Symbol

DUSDCNH

Underlying

Offshore Chinese Yuan/US Dollar

Contract Size

USD 50,000

Notional Contract Value

USD 50,000

Trading Currency

Chinese Yuan (CNH)

Settlement Currency

Chinese Yuan (CNH)

Price Quote

CNH for 1 USD (e.g. CNH 6.3680 / 6.3682 Per 1 USD)

Tick Size

0.0002 CNH

Tick Value

CNH 10

Settlement Basis

Cash Settled.

Final Cash Settlement Price

Open Positions at expiry of contract shall be settled in Chinese Yuan as per the Final Cash Settlement Price (FCSP) declared by the Exchange.

Last Day of Trading

Second last business day of the contract month.

Trading Days

Monday to Friday.

Trading Hours

07:00 - 23:55 Hours UAE time (GMT+4).

Trading Months

First 12 consecutive serial months. 

New Contract Listing

Business day immediately following the last day of trading.

Max Order Size

500 contracts for Banks and Institutions promoted by Banks.

Daily Price Movement Limit

No price limit. (Note 1*)

Initial Margin based on SPAN

The Initial Margin will be denominated in CNH and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/CNH to display Initial Margin Utilization in USD terms.

Calendar Spread Margin

100% Calendar Spread benefit

Note 1*: For the avoidance of "fat finger" errors, price band shall be 0.10 CHN from previous settlement price If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period