Contract | Parameters |
---|---|
Contract Symbol | DUSDCNH |
Underlying | Offshore Chinese Yuan/US Dollar |
Contract Size | USD 50,000 |
Notional Contract Value | USD 50,000 |
Trading Currency | Chinese Yuan (CNH) |
Settlement Currency | Chinese Yuan (CNH) |
Price Quote | CNH for 1 USD (e.g. CNH 6.3680 / 6.3682 Per 1 USD) |
Tick Size | 0.0002 CNH |
Tick Value | CNH 10 |
Settlement Basis | Cash Settled. |
Final Cash Settlement Price | Open Positions at expiry of contract shall be settled in Chinese Yuan as per the Final Cash Settlement Price (FCSP) declared by the Exchange. |
Last Day of Trading | Second last business day of the contract month. |
Trading Days | Monday to Friday. |
Trading Hours | 07:00 – 23:55 Hours UAE time (GMT+4). |
Trading Months | First 12 consecutive serial months. |
New Contract Listing | Business day immediately following the last day of trading. |
Max Order Size | 500 contracts for Banks and Institutions promoted by Banks. |
Daily Price Movement Limit | No price limit. (Note 1*) |
Initial Margin based on SPAN | 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. |
Calendar Spread Margin | 100% Calendar Spread benefit |