USD/CNH Futures Final Settlement Procedure

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Normal Final Settlement Procedure

The CME’s Chinese Renminbi FX futures final settle according to the Publication of the USD/CNY(HK) Spot Rate. The computed USD/CNY(HK) Spot Rate shall be published on Reuters Instrument Code and Reuters page at 11:15 aCME U.S. dollar/offshore Chinese renminbi futures contract Final Settlement Price shall be equal to the mid-rate of the WMR Intraday Spot Rate for USD/CNH at 2:00 p.m. Hong Kong time. The Spot Rate is also available on the TMA website:

https://www.tma.org.hk/en_market_info.aspx

Refer to the below table for specifications of the Treasury Markets Association (TMA) USD/CNY(HK) Spot Rate methodology:

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Calculating Methodology

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The Spot Rate is determined  using transactions executed through an Approved Money Broker that has dedicated FX spot business in USD/CNY (HK) and having a transacted amount of at least US$1 million.

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Calculating Agent

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Thompson Reuters is the calculating agent and the Spot Rate will be calculated as the volume weighted median of the eligible transactions.

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Date

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Every Hong Kong business day from Monday to Friday except public holidays.

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No. of Decimal Points

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Rounded to four decimal places.

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Data Contribution

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The transactions must be spot USD/CNY(HK) rates transacted between 10:45 and 11:15 a.m. of the day.

, rounded to four decimal places.

Additional Details

USD/CNH (CNH) futures are cash settled upon expiration. For additional details on delivery, please see the CME Rulebook (Chapter 284L):

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https://www.cmegroup.com/content/dam/cmegroup/rulebook/CME/III/300/344L.pdfIf you have any questions, please call the CME Global Command Center at 800.438.8616, in Europe at 44.800.898.013, or in Asia at 65.6532.5010.