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E-micro USD/Chinese Renminbi Futures Contract Specs

Contract Size 10,000 USD (≈ RMB 64,830)
Contract Month Listings Twelve consecutive calendar months (Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec)
Settlement Procedure Daily E-micro USD/RMB Settlement Procedure (PDF)
Position Accountability Trigger Level & Spot Month Limit USD/RMB futures converted to notional equivalents of 6,000 CME full-sized RMB/USD futures contracts (=6 billion RMB) for Position Accountability trigger level; and no more than 2,000 full-sized RMB/USD futures contracts (=2 billion RMB) for Position Limit in the spot month on or after the day one week prior to the termination of trading day.*

Positions for the same account holder will be aggregated across standard-sized and E-micros futures with 10 E-micros equaling 1 standard-sized contract.

*For example, if the appropriate RMB per USD rate is 6.4830 RMB per USD ("prior day's Regular Trading Hours settlement") , then one 100,000 USD standard futures contract would count as 648,300 RMB against the PA trigger level of 6 billion RMB. Similarly, one 10,000 USD E-micro futures contract would count as 64,830 RMB against the 2 billion RMB Spot Position Limit.
Ticker Symbol CME Globex Electronic Markets: MNY

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Minimum Price Fluctuation (Tick) Outrights quoted in 0.0001 onshore Chinese renminbi per USD = 1 CNY (≈ USD $0.16) per contract; calendar spreads quoted in 0.00005 onshore Chinese renminbi per USD = 0.50 CNY (≈ USD $0.08) per contract.
RMB-Denominated Daily pays and collects calculated in RMB but translated into USD by reference to daily PBC fixing rate, and banked in USD**
Trading Hours CME Globex (ETH) Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. (CT)
CME ClearPort Sunday – Friday 5:00 p.m. – 4:15 p.m. Central Time (CT) with a 45–minute break each day beginning at 4:15 p.m. (CT)
Last Trade Date / Time
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Trading ceases at 9:00 a.m. Beijing time on 2nd Beijing business day immediately preceding 3rd Wednesday of the contract month (i.e., In Chicago, 7:00 p.m. CT on Sunday night during the winter and 8:00 p.m. CT on Sunday night during the summer).
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
Block Trade Eligibility Not applicable
Block Trade Minimum Not applicable
EFRP Eligibility Yes. View more on EFRPs.