USD/CNH FX Futures
|Underlying||USD/ RMB(Renminbi) FX rate|
Trading days conform to regular exchange trading days
|Contract Size||USD 100,000|
|Delivery Months||Spot month, the next calendar month, and the next four quarterly months.
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
|Daily Settlement Price||The daily settlement price is the volume weighted average price, which is calculated by dividing the value of trades by the volume within the last one minute of regular trading session, or as otherwise determined by TAIFEX according to the Trading Rules.|
|Price Limits||3-Level Price Limits at ±3%, ±5% and ±7% of the daily settlement price of the preceding regular trading session.|
|Price Quotation||RMB per USD|
|Minimum Price Fluctuation||RMB 0.0001 per USD (RMB 10 per contract)|
|Last Trading Day||The third Wednesday of the delivery month|
|Final Settlement Day||The same day as the last trading day|
|Final Settlement Price||USD/CNY (HK) Spot Rate published at 11:30 a.m. on the Last Trading Day by Treasury Markets Association (TMA) of Hong Kong|
If any of the following circumstances occurs on the last trading day, then the next business day shall be the last trading day, provided that the TAIFEX may adjust that date in view of the following circumstances:
1.The last trading day falls on a TAIFEX holiday, or trading cannot proceed due to a force majeure event.
2.The last trading day falls on a Hong Kong Treasury Markets Association holiday or closure day.
3.Other factors affect the trading or settlement of the Contracts.
(Please refer to Trading Rules.)
In practice, foreign exchange spot fixing reflects the settlement price after 2 business days (T+2). Therefore, the final settlement price of this contract reflects the rate for settlement two business days later.
*The USD/CNY (HK) Spot Rate published by the Treasury Markets Association of Hong Kong is subject to the disclaimer and copyright notice regarding information set out on its website.