What is HIBOR fixing?

Background. 2.1 HIBOR is a term commonly used to refer to a series of interest settlement rates which are owned by HKAB and have been in place for over 20 years. These rates are fixed each business day (excluding Saturdays) by reference to market rates for HKD deposits in the Hong Kong interbank market.

Is HIBOR going away?

While the Hong Kong Dollar Overnight Index Average (HONIA) has been identified as an alternative to HIBOR, there is no plan to discontinue HIBOR.

What is the current HIBOR rate?

0.07000%
Hong Kong Interbank Offered Rate ( HIBOR )

2021 HIBOR for the interest period of 1 month
23 August 0.07000%
20 August 0.07000%
19 August 0.07000%
18 August 0.07000%

How is HIBOR determined?

How is HIBOR Calculated? HIBOR is calculated based on the quotations from 20 designated banks. The banks are selected by the Hong Kong Association of Banks (HKAB) every two years on the recommendation of the Treasury Market Association.

What is CNH Hibor?

CNH Hong Kong Interbank Offered Rate Fixing (CNH HIBOR)

What will replace JPY Libor?

In Japan, the Bank of Japan has identified its Libor replacement as the Tokyo Overnight Average Rate (TONAR) for the yen overnight index swap market. Within the euro area, the European Central Bank said in late 2017 that it would create a new overnight rate by 2020.

What is HSBC prime rate?

2.45%
The current HSBC prime rate is 2.45%.

What is Sora Singapore?

The Singapore Overnight Rate Average (SORA) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm.

What is Honia?

HONIA is the effective overnight (i.e. where. repayment is made on the following Hong Kong business day) reference rate of HKD unsecured lending transactions in the Hong Kong interbank market, executed through the panel of contributing brokers. Benchmark Owner and. Administrator. TMA.

Is 1 month Libor Annualized?

The London InterBank Offered Rate, or LIBOR, is the annualized, average interest rate at which a select group of large, reputable banks that participate in the London interbank money market can borrow unsecured funds from other banks.

How big is the HIBOR market in Hong Kong?

HIBOR will run parallel with the Hong Kong Dollar Overnight Index Average beyond 2021, according to the Hong Kong Monetary Authority, but the city’s lenders have flexibility to retain HIBOR-based assets and derivatives, totaling HK$4.5 trillion and HK$12.1 trillion (notional values) in 1Q.

Who is the owner of the HKD interest settlement rate?

1. The Hong Kong Association of Banks (HKAB) is the source and owner of the HKD Interest Settlement Rates. As part of the HKAB FRA terms, daily HKD Interest Settlement Rates are fixed by reference to market rates for HKD deposits in the Hong Kong interbank market.

What is Hong Kong interbank offered rate ( HIBOR )?

Hong Kong Interbank Offered Rates (HIBOR) refer to the middle closing rates quoted by the Standard Chartered Bank in the interbank money market. 2. Reporting discontinued since 1 January 2013.

When does the HKAB release its interest rate fixings?

These fixings are usually released on the website of the HKAB each business day (excluding Saturdays) at 11.15 a.m., on the basis of quotations provided by 12-20 banks designated by the HKAB.