Renminbi futures contracts will be quoted in interbank terms to reflect the number of renminbi per dollar and will launch in August 22, 2011. The contracts will be cleared through the CME’s operations...

Renminbi futures contracts will be quoted in interbank terms to reflect the number of renminbi per dollar and will launch in August 22, 2011. The contracts will be cleared through the CME’s operations in Chicago, but a spokesman of the exchange said it had yet to make a decision on whether to build a separate clearinghouse in Asia (either in Singapore or Hong Kong).