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Dollar/yuan futures launch next month

From thestandard.com.hk

Hong Kong Exchanges and Clearing Limited (0388) will launch yuan futures on September 17. The US Dollar vs yuan (Hong Kong) or USD/CNH Futures contract will be the world’s first deliverable yuan Currency Futures. USD/CNH Futures will require delivery of USD by the seller and payment of the Final Settlement Value in RMB by the buyer at maturity, the stock exchange said in a statement. "The futures will be quoted in RMB per USD and margined in RMB, with the trading and settlement fees charged in RMB. The final settlement price will be based on the spot USD/CNY(HK) fixing published by the Treasury Markets ... (full story)

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