USD/CNH FX Options
|Underlying||USD/ RMB(Renminbi) FX rate|
|Exercise Style||European (exercisable on expiration date only)|
|Contract Size||USD 100,000|
|Expiration Months||Spot month, the next calendar month, and the next four
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
|Strike Price Interval||RMB 0.02 for spot and the next calendar month; RMB 0.04 for the next four quarterly months|
|Strike Price||For listing series of new expiration months or series
with new strike prices for existing expiration dates, TAIFEX
shall, based on the daily settlement price of preceding regular
trading session of the corresponding USD/CNH FX Futures (base
price), in the regular trading session consecutively introduce
series with new strike prices according to the strike price
interval above, until the following conditions are satisfied:
|Premium Quotation||0.0001 points (RMB 10)|
|Price Limits||+/- 7% of daily settlement price of preceding regular trading session of the corresponding USD/CNH FX Futures|
|Trading Hours||Trading days conform to regular exchange trading days
|Last Trading Day||The third Wednesday of the expiration 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|
|Settlement||Cash settlement. A contract that is in-the-money shall be exercised automatically.|
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.