Currency Rates for Trade Loans

Currency Rates* for Trade Loans

Currency

Country

Reference Rate*

Rate as at 31/10/2022

EUR

Eurozone

2.0%

USD

USA

3.125%

CHF †

Switzerland

0%

*The Currency Rates in this table show the rates of interest you would pay (as at the stated date) excluding a margin to be agreed with the Bank, if you borrowed sums using a Trade Loan for the stated currencies. The rates in this table are Reference rates, which means the rates are linked directly to the publicly available external benchmark rates. A benchmark rate is the published market rate from time to time as set by a third party institution (such as the European Central Bank) rather than by HSBC. Interest rate benchmarks including the London Interbank Offered Rate (LIBOR) and certain other Interbank Offered Rates (IBORs) are being reformed. These reforms are expected to cause at least some IBORs to perform differently to the way they do currently or to disappear, which may impact the HSBC products and services you currently use and those we provide in the future. Please visit IBOR reforms for further information.

The current benchmark rate for HSBC Trade Loans denominated in EUR, USD, or CHF are listed in this table. Where the benchmark for any Reference Rate falls below 0%, the Reference Rate will be deemed to be 0%. Reference Rates where this is currently the case are marked in this table with the symbol (†).


HSBC Currency Base Rates**

Currency

Country

HSBC's Currency Base Rate** as at 31/10/2022

GBP

United Kingdom

2.25%

CAD

Canada

3.75%

JPY

Japan

0.00%

DKK

Denmark

1.40%

NOK

Norway

2.25%

SEK

Sweden

1.75%

AUD

Australia

2.60%

NZD

New Zealand

3.50%

AED

United Arab Emirates (UAE)

2.90%

HKD

Hong Kong

3.50%

ZAR

South Africa

6.25%

PLN

Poland

6.75%

CNY

China

3.652%

SGD

Singapore

2.8441%

**HSBC Currency Base Rates are the rates of interest you would pay (as at the stated date) excluding a margin to be agreed with the Bank if you borrowed sums using a Trade Loan for the currencies listed in this table. HSBC Currency Rates are interest rates set by HSBC, rather than by an external third party institution.