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Mini USD/CNH Futures

The USD/CNH Futures, together with other RMB currency futures and options listed on HKEX, are widely traded and popular risk management tools for investors to manage their RMB exposures. The upcoming launch of Mini USD/CNH Futures would complement these products, catering to the needs of some market participants who prefer cash settled contract and/or smaller contract size.

*To be launched in 1H 2021*

To subscribe to our mailing list, or to enquire about the RMB currency products, please contact FICD@hkex.com.hk. 


Updated 22 Jan 2021

Advantages

  • Capital efficiency of exchange-traded futures
  • Margin offset with USD/CNH Futures & Options and CNH/USD Futures
  • Flexible collateral policy on RMB margin requirement
  • Allow more precise hedging with a smaller contract size of USD 20,000
  • Block trades offer OTC flexibility with minimal counterparty risk

 

Contract Summary

Item Contract Terms
Contract Mini USD/CNH Futures
(USD = US dollar/CNH = RMB traded in Hong Kong)
Trading Symbol MCS
Contract Month Spot month, the next three calendar months and the next six calendar quarter months
Contract Size USD 20,000
Price Quotation RMB per USD (e.g. RMB 6.2486 per USD)
Minimum Fluctuation RMB 0.0001 (4 decimal places)
Tick Value RMB 2
Trading Hours 8:30 am - 4:30 pm (Day Session)
5:15 pm - 3:00 am (AHT Session)
(Expiring contract month closes at 11:00 am on the Last Trading Day)
Final Settlement Day The first Hong Kong Business Day after the Last Trading Day
Last Trading Day Two Hong Kong Business Days prior to the third (3rd) Wednesday of the Contract Month
Final Settlement Price USD/CNY(HK) Spot Rate published by the Treasury Markets Association (TMA) of Hong Kong at or around 11:30 a.m. on the Last Trading Day
Settlement Method Cash settled
Exchange Fee RMB 1.60

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