Chicago Mercantile Exchange (CME) has confirmed today that the People’s Bank of China (PBC) will not publish U.S. Dollar/Chinese Renminbi, Euro/Chinese Renminbi and Japanese Yen/Chinese Renminbi spot exchange rates on Monday through Wednesday, June 14, 15, or 16, 2010, due to the Chinese holiday of Dragon Boat Festival. These PBC spot exchange rates are used to cash settle the exchange’s futures contracts for the Chinese Renminbi vs. the U.S. dollar, Euro and Japanese yen. Therefore, according to CME termination of trading rules for Chinese Renminbi/U.S. Dollar Futures, Chinese Renminbi/Euro Futures and Chinese Renminbi/Japanese Yen Futures and Options Contracts and these three consecutive holidays in China, the termination of trading date is Friday, June 11, 2010, at 9:00 AM Beijing Time (8:00 PM Central Daylight Time on Thursday, June 10, 2010). The June 2010 options on each of these futures contracts terminate trading on the same date and time as the underlying futures contracts. The specific rules follow:
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