• Product Modification Summary: Amendments to Settlement Procedures for U.S. Dollar/Offshore Chinese Renminbi (USD/RMB) Futures Contracts - Effective: June 11, 2018

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 18-210
      • Notice Date
      • 29 May 2018
      • Effective Date
      • 11 June 2018
    • Amendments to Settlement Procedures for U.S. Dollar/Offshore Chinese Renminbi (USD/RMB) Futures Contracts

      Effective Sunday, June 10, 2018 for trade date Monday, June 11, 2018, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) shall amend the settlement procedures for U.S. Dollar/Offshore Chinese Renminbi (USD/RMB) Futures and E-Micro U.S. Dollar/Offshore Chinese Renminbi (USD/RMB) Futures Contracts noted in the table below (the “Contracts”) and related rules in Chapter 7 (“Delivery Facilities and Procedures (collectively the “Rule Amendments”) to convert the Contracts to cash-settlement from physical delivery effective with the August 2018 contract month and beyond. The Contracts are available for trading on CME Globex and for submission for clearing via CME ClearPort.

      For the full text of this advisory, please click here.