Effective on Sunday, August 21, 2011, for the trade date of Monday, August 22, 2011, CME is launching on CME Globex® new Standard-Sized U.S. Dollar / Chinese Renminbi (RMB or CNY) Futures priced in "interbank terms" of RMB per USD, but with daily pays and collects banked in U.S. dollars. Also on this same date, CME is launching new one-tenth the size of standard E-micro USD / RMB (CNY) futures contracts. The current Chinese Renminbi / U.S. Dollar or RMB / USD Futures and Options on Futures contracts priced in "American" or "IMM" terms (reciprocal to interbank quotations) are unchanged and continue to be listed for trading.
For the full Special Executive Report, please click here (PDF).