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Item
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Description
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Ticker Symbol
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RTF
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Underlying
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USD/ RMB(Renminbi) FX rate
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Trading Hours
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‧Trading days are the same as TAIFEX business days in Taiwan
‧Regular trading session:08:45AM-4:15PM Taiwan time, 08:45AM-11:00AM on the last trading day for the delivery month contract
‧After-hours trading session: 05:25PM on trading day - 05:00AM of the following day; no after-hours trading session on the last trading day for the delivery month contract
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Contract Size
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USD 20,000
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Delivery Months
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‧Spot month, the next calendar month, and the next four quarterly months.
‧Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
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Daily Settlement Price
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The daily settlement price is the volume weighted average price, which is calculated by dividing the value of trades by the volume within the last one minute of regular trading session, or as otherwise determined by TAIFEX according to the Trading Rules.
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Daily Price Limit
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3-Level Price Limits at ±3%, ±5% and ±7% of the daily settlement price of the preceding regular trading session.
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Price Quotation
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RMB per USD
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Minimum Price Fluctuation
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RMB 0.0001 per USD (RMB 2 per contract)
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Last Trading Day
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The second business day prior to the third Wednesday of the delivery month
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Final Settlement Day
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The same day as the last trading day
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Final Settlement Price
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Spot USD/CNY (TW) fixing published at 11:15 a.m. on the Last Trading Day by Taipei Foreign Exchange Market Development Foundation
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Settlement
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Cash settlement
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Position Limit
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‧Any trader's aggregate open same-side positions in the Contract for various delivery months at any time shall not exceed the limit standards announced by TAIFEX.
‧These position limits are not applicable to omnibus accounts, with the exception of undisclosed omnibus accounts, which accounts are subject to the limits for institutional traders.
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Margin
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‧The trading margin and the maintenance margin may not be lower than the publicly announced TAIFEX standard for the initial margin and the maintenance margin.
‧The initial margin and maintenance margin announced by the TAIFEX shall be based on the clearing margin calculated according to the Taiwan Futures Exchange Corporation Methods and Standards for Receipt of Clearing Margins plus a percentage prescribed by the TAIFEX.
‧Payment/receipt of the principal's margins resulted from margin call and loss may be in New Taiwan Dollars or in a foreign currency publicly announced by the TAIFEX, as stipulated between the principal and the futures commission merchant, with the futures commission merchant acting as foreign exchange settlement agent. The futures commission merchant shall conduct the required exchange settlements in accordance with the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions prescribed by the Central Bank of the Republic of China (Taiwan).
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If trading cannot proceed due to a force majeure event, or there are other factors affecting the trading or settlement of the Contracts, the last trading day shall be postponed to the next business day. However, the TAIFEX may adjust the date based on prevailing conditions.
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