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Standard-Size USD/Offshore RMB (CNH) Futures Contract Specs

Contract Unit 100,000 USD
Trading Hours CME Globex: 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. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Minimum Price Fluctuation Outrights quoted in 0.0001 offshore Chinese renminbi per USD = 10 CNH per contract. 0.00005 offshore Chinese renminbi per USD increments (5 CNH/contract) for USD/CNH futures intra-currency spreads executed electronically.
Product Code CME Globex: CNH
CME ClearPort: CNH
Clearing: CNH
Listed Contracts

13 consecutive calendar months (Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec) plus 8 March quarterly months (3-year maturity range)

Settlement Method Deliverable
Termination Of Trading Trading ceases at 11:00 a.m. Hong Kong time on 2nd Hong Kong business day immediately preceding 3rd Wednesday of the contract month (i.e., In Chicago, 9:00 p.m. CT on Sunday night during the winter and 10:00 p.m. CT on Sunday night during the summer).
Settlement Procedures USD/CNH Futures Settlement Procedures
Position Limits CME Position Limits
Reportable Positions 25 contracts
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period Final settlement facilitated through delivery of $100,000 from short to long; vs. delivery of equivalent value of CNH from long to short; through correspondent banks as approved by CME Clearing on 3rd Wednesday of contract month. Payment of CNH vs. USD embargoed by CME Clearing pending receipt of Payment Orders from both long and short.