HKEx TO INTRODUCE RMB CURRENCY FUTURES ON SEPTEMBER 17

HONG KONG – The Hong Kong Stock Exchange (HKEx) will introduce renminbi (RMB) currency futures on September 17. The US Dollar vs Renminbi (Hong Kong) or USD/CNH* Futures contract will be the world’s first deliverable RMB Currency Futures. HKeX says USD/CNH Futures will require delivery of USD by the seller and payment of the Final Settlement Value in RMB by the buyer at maturity. The futures will be quoted in RMB per USD (for example, RMB 6.2486 per USD) and margined in RMB, with the trading and settlement fees charged in RMB.