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HIBOR

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Hong Kong Inter-bank Offered Rate, (or HIBOR, Chinese: 香港銀行同業拆息), is the annualized rate charged for inter-bank lending on Hong Kong Dollar (HKD) denominated instruments, for a specified period ranging from overnight to one year. [citation needed] It is calculated daily at 11:00 a.m. local time based on quotations from 20 banks designated by the Hong Kong Association of Banks (HKAB).

On 24 June 2013, an additional fixing was launched for off-shore Chinese renminbi (CNH), designated as CNH HIBOR.[1][2]

See also

References

  1. ^ "CNH HIBOR fixing". Hong Kong Monetary Authority. 25 April 2013. Retrieved 6 June 2015.
  2. ^ "Launch of CNH HIBOR fixing". Hong Kong Monetary Authority. 20 June 2013. Retrieved 6 June 2015.