Offshore Chinese Yuan/US Dollar
Chinese Yuan (CNH)
US Dollars (USD)
CNH for 1 USD (e.g. CNH 6.3680 / 6.3682 Per 1 USD)
Monday to Friday.
07:00 - 23:30 Hours UAE time (GMT+4).
First 12 consecutive serial months
Second last business day of the contract month.
Business day immediately following the last day of trading.
Based on Spot Prices available for USD-CNH at the end of DGCX Trading Hours.
Open Positions at expiry of contract shall be settled in US Dollars as per the Final Cash Settlement Price (FCSP) declared by the Exchange. The Final Cash Settlement Price shall be the Spot USD/CNY (HK) Fixing published by the Treasury Markets Association of Hong Kong at approximately 11.15 Hour Hong Kong time on the Last Trading Day, rounded to the nearest tick size.
No price limit.
500 contracts for Banks and Institutions promoted by Banks.All other entities 200 contracts.
"The Initial Margin will be denominated in CNH and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/CNH to display Initial Margin Utilization in USD terms.
At the outset, Initial Margin shall be CNH 6,500 per contract subject to change from time to time."
Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/CNH.DCCC shall update the spot rates for USD/CNH intraday for at least 3 times at 06:00 hrs, 15:00 hrs and end of DGCX Trading Hours.
100% Calendar Spread benefit
Shall be taken from available market data sources like Bloomberg and Reuters.