CME Group Chinese Renminbi
Jump to navigation
Jump to search
| Chinese Renminbi Futures | ||
|---|---|---|
| Contract Unit | 1,000,000 Chinese renminbi | |
| Trading Hours | CME Globex: | 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 |
| CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT | |
| Minimum Price Fluctuation | Outrights: 0.00001 per Chinese renminbi = $10.00.
Intra-currency spreads: 0.000005 per Chinese renminbi = $5.00 | |
| Product Code | CME Globex: RMB
CME ClearPort: RMB Clearing: RMB | |
| Listed Contracts | Monthly contracts listed for 13 consecutive months and quarterly contracts (Mar, Jun, Sep & Dec) listed for 8 consecutive quarters | |
| Settlement Method | Financially Settled | |
| Termiantion of Trading | Trading terminates at 9:00 a.m. Beijing time on the second Beijing business day prior to the third Wednesday of the contract month (7:00 p.m. CT on Sunday during the winter and 8:00 p.m. CT on Sunday during the summer). | |
| Settlement Procedures | RMB/USD Futures Settlement Procedures | |
| Position Limits | CME Position Limits | |
| Exchange Rulebook | CME 270 | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| Chinese Renminbi Options | ||
|---|---|---|
| Contract Unit | One futures contract for 1,000,000 Chinese renminbi | |
| Minimum Price Fluctuation | $.00001 per Chinese renminbi increments ($10.00/contract). Also, trades may occur at $.000005, ($5), $.000015 ($15), $.000025 ($25), .000035 ($35), .000045 ($45), when price is below five ticks of premium. | |
| Trading Hours | CME Globex: | Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT |
| CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Product Code | CME Globex: RMB
CME ClearPort: RMB Clearing: RMB | |
| Listed Contracts | Twelve consecutive months | |
| Settlement Procedures | Option on cash-settled futures contract | |
| Termination of Trading | At the same date and time as the underlying futures contract. 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). | |
| Position limits | CME Position Limits | |
| Exchange Rulebook | CME 270A | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| Exercise Style | European | |
| Settlement Method | Deliverable | |
| Underlying | Chinese Renminbi/USD Futures | |
Notes[edit]
CME Group also offers Chinese Renminbi weekly options, for contract specification, please refer to Chinese Renminbi Contract Specifications Weekly Option