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USD-Chinese Yuan Futures

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.

USD-Chinese Yuan Futures
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Hedging and Trading window available long after onshore currency markets close

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Traded and settled in Offshore Chinese Yuan, Initial Margin in USD

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Contract size $100,000 in line with other international market contracts

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The only regulated platform offering USD-CNH Futures in the GCC

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UAE and Bahrain have both become regional hubs for clearing CNH trades

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Tax Free – No transaction Tax and Zero Capital Gains tax

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Overlaps most liquid trading hubs including Europe and United States, thus any news effecting the CNH markets is tradable within the DGCX opening hours

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Provides the availability to hedge for global participants with international funds and exposure to the Chinese Yuan

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Traded on a globally recognized, regulated and safe platform permitting greater participation

Contract Specifications

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

*See Exchange By-Laws Part M

Contract Calendar

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