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INR/CNH Futures

HKEX INRUSD and INRCNH Currency Futures_Final_EN_Revised 

Commenced trading on 4 November 2019.

As the first listed futures of the INR/CNH pair, the contract ties the world’s two most populous nations together. The pair would support the Renminbi (RMB)’s globalisation and meet risk management demands spanning from Asia and beyond under the Belt and Road Initiative.


Updated 04 Nov 2019


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Advantages

  • Transparency of the exchange-traded contracts
  • Capital efficiency of futures margining and low execution costs
  • Flexible collateral policy on USD and RMB margin requirements
  • Clearing house guarantee, which effectively eliminates counter-party risks between market participants
  • Risk management tool for an investment exposure to a non-deliverable currency

 

Contract Summary

Item Contract Terms
Contract INR/CNH Futures
(INR = Indian Rupee /CNH = RMB traded in Hong Kong)
Trading Symbol CIN
Contract Month Spot month, the next calendar month and the next two calendar quarter months
Contract Size INR 2,000,000
Price Quotation RMB cents per 100 INR (e.g. 975.31 RMB cents per 100 INR)
Minimum Fluctuation 0.01 RMB cents (2 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 3 pm 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 The reciprocal of the INR per USD (INR/1USD) reference rate published by Financial Benchmarks India Private Limited at 1:30 pm (Mumbai time) multiplied by 10,000 and the WM/Reuters Intraday Spot Rate for USD/CNH at 3:00 pm (Hong Kong time) on the Last Trading Day, rounded to 2 decimal places
Settlement Method Cash settled in RMB
Exchange Fee RMB 2.50

Waived from 4 November 2019 (T session) to 29 April 2020 (T session)


Please click here for the disclaimer.

Margin Table

List of Market Makers or Liquidity Providers

Lists of Market Makers or Liquidity Providers in Futures Exchange Products

Currency Futures and Options Products 

 
Providing Continuous Quotes 
   
 Market Makers / Liquidity Providers
   APC CFT   FLW HKB ICB MPF NHT SGS TFF UWD
 USD/CNH Futures    *    * *  *   * *  *
 USD/CNH Options            *    *  
 EUR/CNH Futures  *         *   * 
 JPY/CNH Futures              *
 AUD/CNH Futures             *    *
 INR/USD Futures *     *          *    
 CNH/USD Futures               *  * 

 

 
Providing Continuous Quotes
(After-Hours Futures Trading)

 Market Makers
MPF  UWD
USD/CNH Futures * *

 

* refers to a Futures Exchange Participant acting as a Market Maker or Liquidity Provider in Futures Exchange Products or a Stock Options Exchange Participant acting as a Market Maker for Stock Options

Updated 01 Nov 2019

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