HONG KONG HMOCS OPTIONS: Sterling safeguards
Table A:
Present value, as at 1 October 1991 of the estimated costs of option A, in UK£ million
:when the exchange rate from 1 July 1997 is assumed to be
Trigger level HK$
HK$ worthless
HK$28
13.76
377
192
16
324
139
22
236
51
30
173
0
Table B:
Present value, as at 1 October 1991 of the estimated costs of option B, in UK£ million
:when the exchange rate from 1 July 1997 is assumed to be
HK$ worthless
HK$28
Trigger
level
(see note)
0
25
33
50
Note:
384
308
289
256
% above rate at retirement or % above HK$14.40
199
122
104
71