XN000022-1996-12-20 — Page 35

- 33

Hong Kong Monetary Authority Interbank Liquidity

Aggregate balance of settlement time accounts

Opening aggregate balance

Closing aggregate balance

Change attributable to:

Money market activity

LAF reversal

LAF today

410 mn

0930 hr

10,481 mn

561 mn

1000 hr

12,105 mn

1100 hr

16,803 mn

-396 mn

1200 hr

22,678 mn

+8,383 mn

1500 hr

30,904 mn

-7,836 mn

1600 hr

37,820 mn

LAF rate 4.00% BID/6.00% offer TWI 125.1 *+0.1* 20.12.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC notes

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.25

2 years

2811

5.72

100.22

5.67

1 month

4.32

3 years

3910

6.28

100.72

6.08

3 months

4.57

5 years

5112

6.57

99.67

6.76

6 months

4.80

7 years

7311

6.80

99.25

7.06

12 months

5.09

10 years

1610

7.37

101.31

7.31

5 years

M503

7.35

101.74

7.02

Total turnover of ef bills and notes - $8,751 mn

Closed December 20, 1996

End