Trading Specifications

Definition

Members exchange RMB and FX at contracted currencies, amount and exchange rate, and settle or deliver within two business days.

Trading Mechanisms

Anonymous, Bilateral and Matching

Instruments

USD/CNY, EUR/CNY, JPY/CNY, HKD/CNY, GBP/CNY, AUD/CNY, NZD/CNY, SGD/CNY,  CHF/CNY, CAD/CNY, CNY/MYR, CNY/RUB, CNY/ZAR, CNY/KRW, CNY/AED, CNY/SAR, CNY/HUF, CNY/PLN, CNY/DKK, CNY/SEK, CNY/NOK, CNY/TRY, CNY/MXN, CNY/THB, CNY/KZT(Regional Trading), CNY/MNT(Regional Trading),CNY/KHR (Regional Trading).

Trading Hours

Beijing time: 9:30am -11:30 pm, trading hours for CNY/KZT are 10:30am-7:00pm, for CNY/MNT and CNY/KHR are 9:30am-4:30pm respectively, excluding Chinese statutory holidays.

Method of Clearing & Settlement

For anonymous trading, Shanghai Clearing house provides the centralized clearing service as the central counterparty; for bilateral and matching trading, the trading parties can either clear bilaterally or CCP by Shaning Clearing house.

Product Applications

For covering trading position and managing exchange rate risks.