HIBOR


Also found in: Acronyms.

HIBOR

Hong Kong Interbank Offered Rate, the annualized offer rate banks pay to attain Hong Kong three-month deposits denominated in 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.
References in periodicals archive ?
Table 5 shows that coupon rates in 1996 and 1997 were even lower than the 3-month HIBOR at issue.
44%) (Jun 09) * Asterisk indicates that average HIBOR is calculated up to Jun 09.
In the investigation of UBS AG (UBS), the HKMA found about 100 communication records during 2006 to 2009, in the form of internal chat messages, which contained change requests by several UBS traders to the UBS HIBOR submitter with a view to rigging the HIBOR fixing.
Further, the investigation found material weaknesses in UBS s internal controls and governance in managing the HIBOR submission process and in other areas.
take appropriate disciplinary actions against those staff members responsible for the misconduct in the HIBOR fixing and for the failure to report to the HKMA such misconduct;
5% of mortgage loans were priced with reference to HIBOR.