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Chinese Renminbi/Euro Futures Contract Specs

Contract Size 1,000,000 Chinese renminbi
Contract Month Listings Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months
Settlement Procedure Daily RMB/EUR Settlement Procedure (PDF)
Position Accountability Trigger Level 6,000 contracts
Position Limit 2,000 contracts for Spot month***
Ticker Symbol CME Globex Electronic Markets: RME

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Minimum Price Fluctuation (Tick) .00001 euro per Chinese renminbi increments (10 euro). .000005 euro per Chinese renminbi increments (5 euro) for RMB/EUR futures intra-currency spreads executed electronically.
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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April 2013 - June 2014 expires: Trading ceases at 9:00 a.m. Beijing time* on the first Beijing business day immediately preceding the third Wednesday of the contract month (i.e., In Chicago, 7:00 p.m. CT on Monday night during the winter and 8:00 p.m. CT on Monday night during the summer).

Starting with the July 2014 expiry: Trading ceases at 9:00 a.m. Beijing time* on the second Beijing business day immediately preceding the third 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 Yes. View more on Block Trade eligible contracts.
Block Trade Minimum 50 Contracts
EFP Eligibility Yes. View more on EFPs.
*Beijing time is either 14 or 13 hours ahead of Chicago (Central Time) depending on whether it is Standard or Daylight Saving Time in Chicago.

*** Position accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position accountability trigger Level), such person will provide in a timely fashion, upon request by CME Group Market regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. therefore, overall positions do not have a finite limit. Spot Month Position Limit: however, a position held in the expiring contract month may not exceed the spot month position limit on the business day one week before termination of trading.