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).
View Source
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.
View Source
HKD HIBOR means, in relation to any Utilisation in HK Dollars:
View Source

Examples of HKD HIBOR in a sentence

  • 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.

  • 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 interbank offered rate.