Asset Class Navigation

USD/Chinese Renminbi Futures Contract Specs

Contract Size 100,000 USD (≈ RMB 648,300)
Contract Month Listings Thirteen 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 Procedure Daily 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: CNY

View product and vendor codes
Minimum Price Fluctuation (Tick) Outrights quoted in 0.0001 onshore Chinese renminbi per USD = 10 CNY (≈ USD $1.60) per contract; calendar spreads quoted in 0.00005 onshore Chinese renminbi per USD = 5 CNY (≈ USD $0.80) 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
View calendar
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 Yes. View more on Block Trade eligible contracts.
Block Trade Minimum 50 Contracts
EFRP Eligibility Yes. View more on EFRPs.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships


Global Offices Contact Information

Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.