HKD HIBOR definition

HKD HIBOR means the estimated offer rates at which deposits in HKD for the contract period are being quoted to prime banks in the Hong Kong interbank market at 11:00 a.m. on the relevant Working Day (excluding Saturdays).
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HKD HIBOR means, in relation to any Utilisation in HK Dollars:
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HKD HIBOR means in relation to an amount in HKD and a particular Interest Period, (A) the Screen Rate for a period equal to that Interest Period, or (B) (if no Screen Rate is available for a period equal to the required Interest Period, and if BNPP would, in accordance with its usual procedures for sourcing funds, refer to an Interpolated Screen Rate) the Interpolated Screen Rate for that period, each at or about 11.15 am (Hong Kong time) on the applicable date for which interest is to be determined, provided that if any such interest rate is below zero, HKD HIBOR will be deemed to be zero.
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Examples of HKD HIBOR in a sentence

  • The HKD borrowings bear interest at HKD HIBOR plus a spread of 1.5% with final maturities in April 2009.

  • The 3-month HKD HIBOR rose from 1.02% p.a. to 1.31% p.a. at year end as domestic liquidity wasFinancials and Other InformationCorporate Governancemopped up by the issuance of HK$80 billion of exchange fund bills by HKMA.

  • Borrower: HASE Lender: HBAP Type of Loan: LAC Principal amount: HKD4,680,000,000 Drawdown Date: 10 June 2019 Rate of Interest: Floating: 3M HKD HIBOR plus 1.564 per cent.

  • Since April 2018, however, with a declining Aggregate Balance, the HKD HIBOR has been catching up with USD LIBOR (Figure 13).

  • Borrower: HASE Lender: HBAP Type of Loan: LAC Principal amount: HKD5,000,000,000 Drawdown Date: 30 November 2021 Rate of Interest: Floating: 3M HKD HIBOR plus 1 per cent.

Related to HKD HIBOR

  • HIBOR means the Hong Kong inter-bank offered rate.

  • CIBOR means the Copenhagen interbank offered rate;

  • NIBOR means the Norwegian interbank offered rate;

  • STIBOR means the Stockholm inter-bank offered rate.

  • SIBOR means the Singapore inter-bank offered rate;

  • EURIBOR means, in relation to any Loan in euro:

  • CDOR has the meaning specified in the definition of “Eurocurrency Rate.”

  • IBOR means the rate of interest per annum determined by the Agent as the rate at which Dollar deposits in the approximate amount of BofA's Offshore Rate Loan for such Interest Period would be offered by BofA's Grand Cayman Branch, Grand Cayman B.W.I. (or such other office as may be designated for such purpose by BofA), to major banks in the offshore Dollar interbank market at their request at approximately 9:00 a.m. (San Francisco time) one Business Day prior to the commencement of such Interest Period. The Offshore Rate shall be adjusted automatically as to all Offshore Rate Loans then outstanding as of the effective date of any change in the Eurodollar Reserve Percentage.

  • LIBOR has the meaning specified in the definition of Eurodollar Rate.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Central Bank Rate Spread means, with respect to any RFR Banking Day, the difference (expressed as a percentage rate per annum) (calculated by the Administrative Agent) between: (i) XXXXX for that RFR Banking Day; and (ii) the Central Bank Rate prevailing at the close of business on that RFR Banking Day.

  • Telerate British Bankers Assoc. Interest Settlement Rates Page means the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • EURIBOR Screen Rate has the meaning assigned to such term in the definition of “Eurocurrency Rate”.

  • Designated Eurodollar Market means, with respect to any Eurodollar Rate Loan, the London Eurodollar Market.

  • One-Month LIBOR With respect to the Class A Certificates, the Mezzanine Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 and any Accrual Period therefor, the rate determined by the Trust Administrator on the related Interest Determination Date on the basis of the offered rate for one-month U.S. dollar deposits, as such rate appears on Telerate Page 3750 as of 11:00 a.m. (London time) on such Interest Determination Date; provided that if such rate does not appear on Telerate Page 3750, the rate for such date will be determined on the basis of the offered rates of the Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Interest Determination Date. In such event, the Trust Administrator will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If on such Interest Determination Date, two or more Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the arithmetic mean of such offered quotations (rounded upwards if necessary to the nearest whole multiple of 1/16%). If on such Interest Determination Date, fewer than two Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the higher of (i) One-Month LIBOR as determined on the previous Interest Determination Date and (ii) the Reserve Interest Rate. Notwithstanding the foregoing, if, under the priorities described above, One-Month LIBOR for an Interest Determination Date would be based on One-Month LIBOR for the previous Interest Determination Date for the third consecutive Interest Determination Date, the Trust Administrator shall select, after consultation with the NIMS Insurer, an alternative comparable index (over which the Trust Administrator has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.

  • ICE LIBOR has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.

  • LIBO Screen Rate has the meaning assigned to such term in the definition of “LIBO Rate”.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Benchmarked Rates means the Framework Prices for the Benchmarked Services;

  • 3-Month LIBOR has the meaning set forth in Section 2.10.

  • LIBOR Screen Rate means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

  • Designated LIBOR Page means the display on Reuters Screen, LIBOR01 Page or any successor service or any page as may replace the designated page on that service or any successor service that displays the London interbank rates of major banks for U.S. Dollars.