Chinese Yuan - United States (USD-CNH) dollar futures contract is a part of a key initiative of the DGCX 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 partners of the UAE. China is the second largest economy in the world and the largest economy by PPP standards.
The CNH is recognized by the IMF as a reserve currency. The contract prices Chinese Yuan as per international monetary convention allowing trading long after onshore markets have closed.
Hedging and Trading window available long after onshore currency markets close
Traded and settled in Offshore Chinese Yuan, Initial Margin in USD
Contract size $100,000 in line with other international market contracts
The only regulated platform offering USD-CNH Futures in the GCC
UAE and Bahrain have both become regional hubs for clearing CNH trades
Tax Free – No transaction Tax and Zero Capital Gains tax
Overlaps most liquid trading hubs including Europe and United States, thus any news effecting the CNH markets is tradable within the DGCX opening hours
Provides the availability to hedge for global participants with international funds and exposure to the Chinese Yuan
Traded on a globally recognized, regulated and safe platform permitting greater participation
| Contract | Parameters |
|---|---|
| Contract Type | Future |
| Contract Name | CNH/US Dollar | Contract Symbol | DUSDCNH |
| Underlying | Offshore Chinese Yuan |
| Contract Size | USD 100,000 |
| Notional Contract Value | USD 100,000 |
| Trading Currency | CNH |
| Settlement Currency | CNH |
| Price Quote | CNH per USD |
| Tick Size | CNH 0.0001 |
| 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 third Wednesday of the expiry month |
| Trading Days | Exchange Business Days* |
| Trading Hours | 07:00 – 23:55 Hours Dubai time, 07:00 – 07:15 (LTD) |
| 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: 10 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
| Expiry Month | Expiry Code | Last Trading Day |
|---|---|---|
| Oct'24 | DUSDCNH-20241014 | 14-Oct-24 |
| Nov'24 | DUSDCNH-20241118 | 18-Nov-24 |
| Dec'24 | DUSDCNH-20241216 | 16-Dec-24 |
| Jan'25 | DUSDCNH-20250113 | 13-Jan-25 |
| Feb'25 | DUSDCNH-20250217 | 17-Feb-25 |
| Mar'25 | DUSDCNH-20250317 | 17-Mar-25 |
| Apr'25 | DUSDCNH-20250414 | 14-Apr-25 |
| May'25 | DUSDCNH-20250519 | 19-May-25 |
| Jun'25 | DUSDCNH-20250616 | 16-Jun-25 |
| Jul'25 | DUSDCNH-20250714 | 14-Jul-25 |
| Aug'25 | DUSDCNH-20250818 | 18-Aug-25 |
| Sep'25 | DUSDCNH-20250915 | 15-Sep-25 |
Aertram Trades DMCC, a leading name in the world of commodities trading on the Dubai Gold and Commodities Exchange (DGCX).
1808, Gold Crest Executive Tower,
Cluster C, Jumeirah Lakes Towers, P.O Box 231076, Dubai, United Arab Emirates.
Disclaimer:
AETRAM Trades DMCC (hereinafter referred to as "AETRAM") is a registered company with the Dubai Gold & Commodities Exchange (DGCX) and offers trading services for various products listed on the DGCX platform. As a potential investor, it is important to be aware of the risks involved in trading commodities and financial derivatives.
AETRAM Trades DMCC is a duly licensed and regulated entity by the Securities and Commodities Authority of UAE (SCA) under license number 607017 to conduct Trading broker activities in international markets, and provide Financial Consultation and Financial Analysis services and Promotion. Additionally, AETRAM Trades DMCC operates as a regulated Broker/Clearing Member of DGCX (Registration number DMCC0548 and License number DMCC-30297). Our registered office is located at Office # 3001, Fortune Tower, Cluster C, Jumeirah Lakes Towers, P.O Box 231076, Dubai, UAE.
Trading in commodities and financial derivatives carries inherent risks, and the value of investments can fluctuate, potentially leading to losses that may exceed the initial investment. The commodities and financial derivatives markets are subject to rapid and unpredictable price changes due to various factors, including economic conditions, geopolitical events, and market sentiment. It is crucial to note that past performance is not indicative of future results, and AETRAM does not guarantee any profits or specific investment outcomes.
The information and materials provided by AETRAM are intended for educational and informational purposes only and should not be considered as financial advice. Before making any investment decisions, investors are strongly advised to seek independent professional advice. Clients of AETRAM must comply with the rules and regulations set forth by the DGCX, as failure to do so may result in disciplinary actions. By engaging in trading activities with AETRAM, investors acknowledge and accept the risks involved in trading commodities and financial derivatives. AETRAM shall not be held responsible for any losses incurred by investors, and investors trade at their own risk. It is of utmost importance for investors to thoroughly review and understand the terms and conditions provided by AETRAM and the DGCX before proceeding with any trading activities.
By accessing our website and using the information provided, you acknowledge that you have read and understood this disclaimer and agree to its terms. Trading in commodities and financial derivatives involves inherent risks, and you undertake any transactions at your own discretion and risk. AETRAM Trades DMCC shall not be liable for any losses or damages incurred from your use of the information provided on our website.** This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
Risk Disclaimer:
Trading Forex and Leveraged Financial Instruments carries a substantial risk and may result in the loss of your invested capital. Only invest funds you can afford to lose and ensure you thoroughly understand the risks involved. Trading leveraged products may not be suitable for all investors. Prior to trading, consider your level of experience, and investment objectives, and seek independent financial advice if needed. The Client is responsible for determining whether they are permitted to use AETRAM TRADES DMCC services based on legal requirements in their country of residence.
"AETRAM TRADES DMCC does not offer its services to residents of specific regions, including Afghanistan, Belgium, Bosnia & Herzegovina, Burundi, Eritrea, Gaza Strip, Haiti, Iran, Iraq, Japan, Lao, Libya, Myanmar, North Korea, Somalia, South Sudan, Sudan, Syria, USA, Venezuela, West Bank, and Yemen."
