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/MOP, 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), CNY/IDR (Regional Trading).

Trading Hours

Beijing time:9:30 a.m. - 3:00 a.m. next day, trading hours for CNY/KZT are 10:30am-7:00pm, for CNY/MNT, CNY/KHR and CNY/IDR 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.