TAIWAN FUTURES EXCHANGE-Products-FX Futures-USD/CNT FX Futures

Item	Description
Ticker Symbol	RTF
Underlying	USD/ RMB(Renminbi) FX rate
Trading Hours	Trading days conform to regular exchange trading days 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
Contract Size	USD 20,000
Delivery Months	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
Daily Settlement Price	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.
Price Limits	3-Level Price Limits at ±3%, ±5% and ±7% of the daily settlement price of the preceding regular trading session.
Price Quotation	RMB per USD
Minimum Price Fluctuation	RMB 0.0001 per USD (RMB 2 per contract)
Last Trading Day	2 business days prior to the third Wednesday of the delivery month
Final Settlement Day	The same day as the last trading day
Final Settlement Price	Spot USD/CNY (TW) fixing published at 11:15 a.m. on the Last Trading Day by Taipei Foreign Exchange Market Development Foundation
Settlement	Cash settlement
Position Limit	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.
Margin	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).

In the event that trading cannot proceed on the scheduled last trading day due to force majeure events or other factors affecting trading or settlement of the Contracts, the last trading day shall be postponed to the next business day. However, TAIFEX may adjust this date based on prevailing market conditions. (Please refer to Trading Rules.)
Effective June 18, 2025, the last trading day of TAIFEX FX Futures Contracts has been amended. However, for contracts with a delivery month in or before June 2026, the original provisions shall apply. Please refer to the official notice for further details
In practice, foreign exchange spot fixing reflects the settlement price after 2 business days (T+2). Therefore, the final settlement price of this contract reflects the rate for settlement two business days later.