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
| 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 publicly available reference price displayed on Last Trading Day |
| 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 |
|---|---|---|
| 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 |
| Oct '25 | DUSDCNH--20251013 | 13-Oct-25 |
| Nov '25 | DUSDCNH--20251117 | 17-Nov-25 |