10

Up to now, about 550 schools have been equipped with computer hardwares, the majority of which have been installed with SAMS applications.

End

Hong Kong Monetary Authority money market operations

Time

Cumulative change

$ million

(hours)

($million)

Opening balance in the account

2.041

0930

+761

Closing balance in the account

1,903

1000

+761

Change attributable to:

1100

+761

Money market activity

+747

1200

+759

LAF today

-885

1500

+749

1600

+747

LAF rate 4.00% bid/6.00% offer TWI 123.7 +0.0* 13.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.98

2 years

2802

5.16

98.20

6.26

1 month

5.24

3 years

3901

5.57

97.85

6.50

3 months

5.42

5 years

5012

6.38

98.14

6.96

6 months

5.53

7 years

7302

6.02

93.56

7.34

12 months

5.73

5 years

M502

7.30

100.46

7.31

Total turnover of EF bills and notes - $24,872 million

Closed March 13, 1996

End

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