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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 Specifications

ContractParameters
Contract TypeFuture
Contract NameCNH/US Dollar
Contract SymbolDUSDCNH
UnderlyingOffshore Chinese Yuan
Contract SizeUSD 100,000
Notional Contract ValueUSD 100,000
Trading CurrencyCNH
Settlement CurrencyCNH
Price QuoteCNH per USD
Tick SizeCNH 0.0001
Tick ValueCNH 10
Settlement BasisCash 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 DaysExchange Business Days*
Trading Hours07:00 – 23:55 Hours Dubai time, 07:00 – 07:15 (LTD)
Trading MonthsMonthly for 12 months forward
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 10 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.nextgendmcc.com/price-limits

* See Exchange By-Laws Part M

Contract Calendar

Expiry Month
Expiry Code
Last Trading Day
May'23
DUSDCNH-20230515
15-May-23
Jun'23
DUSDCNH-20230619
19-Jun-23
July'23
DUSDCNH-20230717
17-Jul-23
Aug'23
DUSDCNH-20230814
14-Aug-23
Sep'23
DUSDCNH-20230918
18-Sep-23
Oct'23
DUSDCNH-20231016
16-Oct-23
Nov'23
DUSDCNH-20231113
13-Nov-23
Dec'23
DUSDCNH-20231218
18-Dec-23
Jan'24
DUSDCNH-20240115
15-Jan-24
Feb'24
DUSDCNH-20240219
19-Feb-24
Mar'24
DUSDCNH-20240318
18-Mar-24
Apr'24
DUSDCNH-20240415
15-Apr-24

Platform

Contact Us

NEXTGEN INTERNATIONAL DMCC

HDS BUSINESS CENTER
Office No: 1008, 10th Floor M-Cluster
JUMEIRAH LAKE TOWERS, DUBAI, UAE
TEL: +971 4 4560384
EMAIL: accountsdgcx@nextgendmcc.com
WEBwww.nextgendmcc.com
Registration No. DMCC-0575, License No: DMCC-30283
"Regulated by Securities and Commodities Authority-License No:607044"