USD – Chinese Yuan Futures

  • 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
  • ContractParameters
    Contract Type Future
    Contract Name CNH/US Dollar
    Contract Symbol DUSDCNH
    Underlying Offshore Chinese Yuan
    Contract Size USD 50,000
    Notional Contract Value USD 50,000
    Trading Currency CNH
    Settlement Currency CNH
    Price Quote CNH per USD
    Tick Size CNH 0.0002
    Tick Value CNH 10
    Settlement Basis Cash 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 last Business Day of the expiry month
    Trading Days Exchange Business Days*
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months Monthly for 12 months forward
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 200 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    No Cancellation Range See link: www.dgcx.ae/price-limits


    * See Exchange By-Laws Part M
  • Expiry MonthExpiry CodeLast Trading Day
    Oct'18 DUSDCNH-20181030 30 Oct 2018
    Nov'18 DUSDCNH-20181129 29 Nov 2018
    Dec'18 DUSDCNH-20181228 28 Dec 2018
    Jan'19 DUSDCNH-20190130 30 Jan 2019
    Feb'19 DUSDCNH-20190227 27 Feb 2019
    Mar'19 DUSDCNH-20190328 28 Mar 2019
    Apr'19 DUSDCNH-20190429 29 Apr 2019
    May'19 DUSDCNH-20190530 30 May 2019
    Jun'19 DUSDCNH-20190627 27 Jun 2019
    Jul'19 DUSDCNH-20190730 30 Jul 2019
    Aug'19 DUSDCNH-20190829 29 Aug 2019
    Sep'19 DUSDCNH-20190927 27 Sep 2019