Chapter 318
Chinese Renminbi/Euro (RMB/EUR) Cross Rate Futures
31800.

SCOPE OF CHAPTER
This chapter is limited in application to Chinese renminbi/Euro cross rate futures. In addition to thischapter, Chinese renminbi/Euro cross rate futures shall be subject to the general rules andregulations of the Exchange insofar as applicable.
For purposes of this chapter, unless otherwise specified, times referred to herein shall refer to andindicate Chicago time.

31801.

TRADING SPECIFICATIONS
31801.A.
Trading Schedule
Futures contracts shall be scheduled for trading and final settlement during such hours and in suchmonths as may be determined by the Exchange.
31801.B.
Trading Unit
The unit of trading shall be 1,000,000 yuan Chinese renminbi. 131801.C.
Quote Basis
Bids and offers shall be quoted in terms of Euro per Chinese renminbi, significant to five decimalplaces, e.g., 0.10551Euro per Chinese renminbi.
31801.D.
Price Increments
Minimum price fluctuations shall be in multiples of .00001 Euro per Chinese renminbi, equivalent to10 Euro per contract. Trades may also occur in multiples of .000005 Euro per Chinese renminbi,
equivalent to 5 Euro per contract, commonly referred to as one-half tick, for RMB/EUR futures intracurrency spreads, executed as simultaneous transactions pursuant to Rule 542.
31801.E.
[Reserved]
31801.F.
Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels, areset forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shall apply
to the Market Regulation Department on forms provided by the Exchange, and the MarketRegulation Department may grant qualified exemptions in its sole discretion.
Refer to Rule 559 for requirements concerning the aggregation of positions and allowable
exemptions from the specified position limits.
31801.G.
Special Price Fluctuation Limits
At the commencement of each trading day, the contract shall be subject to special price fluctuation
limits as set forth in Rule 589 and in the Special Price Fluctuation Limits Table in the Interpretations& Special Notices Section of Chapter 5.
31801.H.
[Reserved]
31801.I.
Termination of Trading
Futures trading shall terminate at 9:00 a.m. Beijing time on the second Beijing Business Day
immediately preceding the third Wednesday of the contract month.

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31801.J.

31802.

[Reserved]

SETTLEMENT PROCEDURES
31802.A.
[Reserved]
31802.B.
Cash Settlement
The Final Settlement Price shall be the reciprocal of the “Chinese renminbi per Euro” fixing (or“midpoint”) rate published by the People’s Bank of China (PBC) and representing spot trading ofChinese renminbi per Euro on the futures contract termination of trading day. Normally, this fixing
rate is published at 9:15 a.m. Beijing time on each Beijing Business Day for foreign exchange
trading. The fixing rate may be found on the Reuters SAEC page opposite symbol “EURCNY=”.
The Final Settlement Price reciprocal calculation shall be rounded to six (6) decimal places. Openpositions on the Business Day following the termination of trading day will be marked to market tothe Final Settlement Price. For example, a SAEC published rate of 9.65410 Chinese renminbi perEuro implies a Final Settlement Price of 0.103583 Euro per Chinese renminbi (reciprocal roundedto 6 decimal places).
In the event that the “Chinese renminbi per Euro" fixing (or “midpoint”) rate as calculated by thePBC is not published on the CME Chinese renminbi/Euro futures contract Termination of Trading
day, but the PBC “Chinese renminbi per U.S. dollar” fixing (or “midpoint”) rate is published, thendetermination of the Final Settlement Price will be based upon the reciprocal of the product of thebid/ask midpoint of the spot Euro rate as appears on Reuters page EUR= at 9:00 a.m. Beijing time
and the PBC USDCNY rate rounded to six (6) decimal places. If the PBC EURCNY and USDCNY
rates are unavailable on the termination of trading day, determination of the Final Settlement Price
may be postponed or deferred each such day for up to 14 consecutive calendar days. If on the firstof any of the intervening 14 calendar days, the PBC EURCNY rate becomes available, then thefutures contract Final Settlement Price shall be the reciprocal of the PBC EURCNY rate, rounded tosix decimal places. If on the first of any of the intervening 14 calendar days, when the PBC
EURCNY rate is unavailable, but the PBC USDCNY rate becomes available, then the futurescontract Final Settlement Price shall be the reciprocal of the product of the PBC USDCNY rate andthe bid/ask midpoint of the spot Euro rate as appears on Reuters page EUR= at 9:00 a.m. Beijingtime, rounded to six decimal places. However, if on the 15th such consecutive calendar day whereneither the PBC EURCNY rate nor the PBC USDCNY rate is available, then the Final Settlement
Price may be set equal to the reciprocal of the product of the SFEMC CNY Indicative Survey Rate,
published by the Singapore Foreign Exchange Market Committee (SFEMC) or its designee, andcalculated according to the SFEMC RMB Indicative Survey Rate Methodology published on theSFEMC website (www.sfemc@org) and EMTA, Inc. website (www.emta@org) and the bid/askmidpoint of the spot Euro rate as appears on Reuters page EUR= at 11:00 a.m. Singapore (andBeijing) time, rounded to six (6) decimal places. Details of the survey methodology appear in theCME Rulebook and on the CME Web site (www.cme.com).
However, if SFEMC fails to publish the CNY Indicative Survey Rate on the first Business Day
following the lapse of the valuation postponement or deferral period described above (i.e., the 15th
consecutive calendar day), and the PBC EURCNY rate and PBC USDCNY rate are also
unavailable, then SFEMC shall repeat efforts to obtain the CNY Indicative Survey Rate each day
for an additional two Business Days (i.e., the 16th and 17th consecutive calendar days). If on
either of these two Business Days the SFEMC CNY Indicative Survey Rate is published and thePBC EURCNY rate and PBC USDCNY rate are unavailable, then the Final Settlement Price of theCME Chinese renminbi/Euro futures contracts shall be the reciprocal of the product of the first ofthese SFEMC CNY Indicative Survey Rates and that rate’s contemporaneous bid/ask midpoint of
the spot Euro rate as appears on Reuters page EUR= at 11:00 a.m. Singapore (and Beijing) time,rounded to six (6) decimal places.
However, if on either of the next two Business Days (i.e., the 16th and 17th consecutive calendardays), the PBC EURCNY rate becomes available, then the futures contract Final Settlement Priceshall be the reciprocal of the first such PBC EURCNY rate, rounded to six decimal places. If oneither the next two Business Days, when the PBC EURCNY rate is unavailable, but the PBC
USDCNY rate becomes available, then the futures contract Final Settlement Price shall be thereciprocal of the product of the first such PBC USDCNY rate and that rate’s contemporaneousbid/ask midpoint of the spot Euro rate as appears on Reuters page EUR= at 9:00 a.m. Beijing time,rounded to six decimal places.

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If the SFEMC fails to publish the CNY Indicative Survey Rate on both of these two Business Days
and the PBC EURCNY rate and PBC USDCNY rate are unavailable, then Rule 812 shall apply todetermine the Final Settlement Price.
However, in the event that the Exchange determines that the Clearing House is not able todetermine a Final Settlement Price pursuant to any of the preceding sections, then Rule 812 shallapply to determine the Final Settlement Price.

31803.

[RESERVED](End Chapter 318)

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