- Mini USD/CNH Futures to launch in the first half of 2021, with contract size of US$20,000
- Developed in response to market demand from smaller corporates and individuals, allowing for more precise risk management
- Complements existing HKEX RMB currency products, such as USD/CNH Futures and USD/CNH Options
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Mini USD/CNH Futures |
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Price Quotation |
RMB per USD |
Contract Size |
US$20,000 |
Contract Months |
Spot, next 3 calendar months and next 6 calendar quarter months |
Settlement Method |
Cash-settled in RMB |
Trading Hours |
8:30 a.m. – 4:30 p.m. (T Session) 5:15 p.m. – 3:00 a.m. (T+1 Session) |
Last Trading Day (“LTD”) |
Two Hong Kong Business Days prior to the third Wednesday of the Contract Month |
LTD Trading Hours |
8:30 a.m. – 11:00 a.m. |
Final Settlement Price |
USD/CNY(HK) Spot Rate published by the Hong Kong Treasury Markets Association (“TMA”) at or around 11:30 a.m. on the LTD |
Final Settlement Day |
The first Hong Kong Business Day after the LTD |
Position Limits
|
Position delta for USD/CNH Futures, Mini USD/CNH Futures, CNH/USD Futures and USD/CNH Options combined of 8,000 long or short in all Contract Months combined |
Large Open Position |
2,500 open contracts, in any one Contract Month |
Trading Fee (per contract per side) |
RMB1.60 |
Settlement Fee (per contract per side) |
RMB1.60 |
Commission Levy |
Not applicable |
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Mini USD/CNH Futures |
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Additional information of the Mini USD/CNH Futures is available in a circular issued today.