Members exchange RMB and FX at contracted currencies, amount and exchange rate, and settle or deliver within two business days.
Anonymous, Bilateral and Matching
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).
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.
For covering trading position and managing exchange rate risks.
- Circular of the State Administration of Foreign Exchange on the Improvement of Foreign Exchange Risk Management by Foreign Institutional Investors in the Interbank Bond Market (Huifa No. 2 ) Policy Q&A
- Trading Rules of Interbank RMB Foreign Exchange Market
- Emergency Operating Procedures for the Interbank FX Trading System
- China Foreign Exchange Trade System Product Guide (FX Market) V2.9