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.
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.