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HIBOR |
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HIBOR Hong Kong Interbank Offer Rate, the annualized offer rate banks pay to attain Hong Kong three-month deposits in denominated dollars. Hong Kong Interbank Offer Rate The interest rate that banks in Hong Kong charge one another for interbank loans with terms of up to one year. It is considered a key benchmark interest rate in the wider Asian economy. Interest rate swaps in Asia, for example, often use HIBOR as the reference rate for the floating payer. See also: LIBOR, EURBOR. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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polling of mid-market rates, based on underlying HIBOR and a standard bid-offer spread of five basis points, will be mean-averaged to three decimal places. |
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