Chinese Yuan- United States (USD-CNH) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies. The USD-CNH contract is relevant to the region as China is one of the largest trade partner of UAE. China is the second largest economy in the world and the largest economy by PPP standards.

The CNH was recently recognized by IMF as a reserve currency and is now a prominent member of the big three currencies. The CNH contract was launched in UAE in partnership with one of China’s leading bank who provide participants with access to liquidity.

  • Quotes till midnight China time
  • Market Making by China’s leading bank
  • Small contract size $50,000 suitable for traders and organizations with smaller exposures
  • One of the only regulated platforms offering USD-CNH Futures in GCC
  • UAE and Bahrain have both become regional hubs for clearing CNH trades
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Overlaps most trading zones including Europe and United States hence any news effecting the CNH markets lies within the time zone

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameCNH/US Dollar
Contract SymbolDUSDCNH
UnderlyingOffshore Chinese Yuan
Contract SizeUSD 100,000
Notional Contract ValueUSD 100,000
Trading CurrencyCNH
Settlement CurrencyCNH
Price QuoteCNH per USD
Tick SizeCNH 0.0001
Tick ValueCNH 10
Settlement BasisCash Settled
Final Cash Settlement Price (FCSP)FCSP is based on the official USD/CNY Fixing issued by the Treasury Markets Association of Hong Kong at 11:15 hours Hong Kong time on Last Trading Day, rounded to the nearest tick
Last Trading Day (LTD)Two Business Days prior to the third Wednesday of the expiry month
Trading DaysExchange Business Days*
Trading Hours07:00 – 23:55 Hours Dubai time, 07:00 – 07:15 (LTD)
Trading MonthsMonthly for 12 months forward
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 10 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.dgcx.ae/price-limits

* See Exchange By-Laws Part M

Contract Calendar

Expiry MonthExpiry CodeLast Trading Day
Nov'19DUSDCNH-2019111818-Nov-19
Dec'19DUSDCNH-2019121616-Dec-19
Jan'20DUSDCNH-2020011313-Jan-20
Feb'20DUSDCNH-2020021717-Feb-20
March'20DUSDCNH-2020031616-Mar-20
Apr'20DUSDCNH-202004099-Apr-20
May'20DUSDCNH-2020051818-May-20
Jun'20DUSDCNH-2020061515-Jun-20
July'20DUSDCNH-2020071313-Jul-20
Aug'20DUSDCNH-2020081717-Aug-20
Sep'20DUSDCNH-2020091414-Sep-20
Oct'20DUSDCNH-2020101919-Oct-20