Contract Specification 
23/06/2017 
 

Contract

CNH Gold Futures

Underlying

1 kilogram gold of not less than 0.9999 fineness, bearing a serial number and identifying stamp of a Recognised Refiner

HKATS Code

GDR

Contract Size

1 kilogram

Trading Currency

RMB

Contract Months

Spot Month and the next eleven calendar months

Minimum Fluctuation

RMB 0.05 per gram

Trading Hours1
(Hong Kong Time)

8:30 a.m. to 4:30 p.m. (day trading session) and
5:15 p.m. to 1:00 a.m. the next morning (after-hours trading session)

Trading Hours2 on
Last Trading Day 
(Hong Kong Time)

8:30 a.m. to 4:30 p.m.

Last Trading Day
(LTD)

The Third Monday of the Contract Month
Postponed to the next business day if it is a Hong Kong public holiday

Final Settlement Day The second Hong Kong Business Day after the Last Trading Day

Settlement Method

Physical settlement

Settlement Currency

RMB

Final Settlement Price

Volume weighted average price of all trades3 in the expiring Contract Month during the last thirty minutes of trading on the Last Trading Day

Delivery Site

An Approved Depository

Minimum Delivery Size

1 kilogram

Holiday Schedule

Follow HKFE holiday schedule

Trading Fee4, 6
(per contract per side)

RMB6.00

Settlement Fee4, 6 
(per contract per side)
RMB12.00

Levies5, 6
(per contract per side)

RMB0.50

Commission Rate

Negotiable

Notes :
1. There is no trading after 12:30 p.m. on the eves of Christmas, New Year and Lunar New Year. The trading hours on those three days shall be 8:30 a.m. – 12:30 p.m.. There is no after-hours trading session if it is a bank holiday in the United Kingdom, the United States and the People’s Republic of China.

2. There shall be no trading after 12:30 p.m. on the eves of Christmas, New Year and Lunar New Year. The trading hours on those three days shall be 8:30 a.m. – 12:30 p.m..

3. All trades other than Block Trades in the expiring Contract Month that result from the matching on HKATS of (i) two orders in the individual market series; or (ii) a standard combination order and an order in the individual market series, and executed during the last thirty minutes of trading on the Last Trading Day.

4. The amount indicated above is subject to change by the Exchange from time to time.

5. The RMB equivalent of HKD0.54 per contract at the exchange rate determined by the Exchange from time to time

6. Waived from 10 July 2017 – 9 January 2018, excluding after-hours trading on 9 January 2018