|Contract Size||1,000,000 Chinese renminbi|
|Contract Month Listings||Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months|
|Daily Settlement Procedure||Daily RMB/USD Settlement Procedure (PDF)|
|Position Accountability Trigger Level||6,000 contracts|
|Position Limit||2,000 contracts for Spot month***|
|Ticker Symbol||CME Globex Electronic Markets: RMB |
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|Minimum Price Fluctuation (Tick)||$.00001 per Chinese renminbi increments ($10.00/contract). $.000005 per Chinese renminbi increments ($5.00/contract) for RMB/USD 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 |
April 2013 - June 2014 expiries: 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.