Home Business Hong Kong’s gradual reform of rate of interest benchmarks has put US$2.2 trillion price of hedging contracts in danger, say market observers-Autopresse.eu

Hong Kong’s gradual reform of rate of interest benchmarks has put US$2.2 trillion price of hedging contracts in danger, say market observers-Autopresse.eu

Hong Kong’s gradual reform of rate of interest benchmarks has put US$2.2 trillion price of hedging contracts in danger, say market observers-Autopresse.eu

Hong Kong’s gradual reform of rate of interest benchmarks has put US$2.2 trillion price of hedging contracts in danger, say market observers

2020-10-18 02:00:06


Hong Kong banks danger falling behind within the world effort to reform rate of interest benchmarks because the scandal-ridden London Interbank Supplied Charge (Libor) is about to be phased out by the tip of subsequent 12 months.Hong Kong’s lack of a plan to section out the native charge – the Hong Kong Interbank Supplied Charge (Hibor) – means companies which have entered into hedging preparations with banks that expire after Libor ceases to exist on the finish of 2021 may battle to restructure their contracts.This could possibly be an …

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