XN000022-1996-12-17 — Page 15

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Hong Kong Monetary Authority interbank liquidity

Aggregate balance of settlement time accounts

Opening aggregate balance

1,306 mn

0930 hr

15,855 mn

Closing aggregate balance

604 mn

1000 hr

17,837 mn

Change attributable to:

1100 hr

24,355 mn

Money market activity LAF reversal

-37 mn

1200 hr

28,369 mn

+9,251 mn

1500 hr

33,107 mn

LAF today

-9,916 mn

1600 hr

32,137 mn

LAF rate 4.00% bid/6.00% offer TWI 124.9 *-0.1 17.12.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC notes

Terms

Yield

Terins

Issue Coupon

Price

Yield

1 week

4.21

2 years

2811

5.72

100.11

5.73

1 month

4.35

3 years

3910

6.28

100.60

6.13

3 months

4.63

5 years

5112

6.57

99.52

6.80

6 months

4.89

7 years

7311

6.80

99.00

7.11.

12 months

5.16

10 years

1610 7.37

101.05

7.35

5 years

M503

7.35

101.61

7.06

Total turnover of ef bills and notes - $12,360 mn

Closed December 17, 1996

End