U.S. Dollar/Offshore Chinese Renminbi (CNH) futures

  • 15 Sep 2015
  • By CME Group
  • Topics: FX

In June 2010, in an important step towards internationalizing the renminbi (RMB), the Chinese government introduced offshore RMB deliverable in Hong Kong (CNH). This move enabled corporations anywhere in the world to settle transactions in RMB, leading to strong growth in deposits and trading volume. Rapidly rising international demand in turn has created a need for risk-management tools representing this market. To address this need, CME Group has developed USD/Offshore RMB (CNH) futures, available in both standard and E-micro contract sizes.

Physically delivered and quoted in interbank (European) terms, these contracts provide businesses, financial institutions and global FX traders with flexible, secure tools to help better hedge RMB exposure, improve on RMB funding costs and capitalize on opportunities associated with one of the world’s fastest growing currencies.

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