|Currency||Country||Reference Rate*||Rate as at 29/04/2022|
|EUR||Eurozone||European Central Bank Main Refinancing Rate||0%|
|USD||USA||Mid-Point of FED Target Range||0.375%|
|CHF †||Switzerland||Swiss National Bank Policy Rate||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 (†).
|Currency||Country||HSBC's Currency Base Rate** as at 29/04/2022|
|AED||United Arab Emirates (UAE)||0.40475%|
**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.