Commencing with the August 2018 contract month and beyond, the U.S. Dollar/Offshore Chinese Renminbi (USD/RMB) Futures and the E-Micro U.S. Dollar/Offshore Chinese Renminbi (USD/RMB) Futures Contracts shall be cash settled.  Additional information regarding the amendments may be found here.

Asset Class Navigation

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 terminates on the second Hong Kong business day prior to the third Wednesday of the contract month at 11:00 a.m. Hong Kong local time.
Settlement Procedures USD/CNH Futures Settlement Procedures
Position Limits CME Position Limits
Reportable Positions 25 contracts
Exchange Rulebook CME 284L
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.