Monday October 19 2015

News Source: Global Exchanges

Focus: Other

Type: General




CME Group and China Construction Bank have announced that they have signed a Memorandum of Understanding (MOU) to support the further strengthening of their business relationship. CME Group is now able to offer Offshore Chinese Renminbi (CNH) Futures Contracts with physical delivery in London for the first time, which will be offered via CME Europe, CME Group`s European exchange. They will be supported by China Construction Bank (CCB), the sole-People`s Bank of China-designated clearing bank of RMB in London.

Under the MOU, CCB also intends to participate in the London Silver Pricing, as administered by CME Benchmark Europe Limited, as well as to facilitate the trading of CME Group products for CCB`s customers in China.

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