Frequently Asked Questions 

Chapter 7 Products - Derivatives Market


Interest Rate and Fixed Income Products



What are HIBOR Futures?

HIBOR futures are linked to the Hong Kong Interbank Offered Rate.  There are two types of HIBOR futures: the One-Month HIBOR and Three-Month HIBOR futures contracts.

The Hong Kong Interbank Offered Rate (HIBOR) is the rate on which Hong Kong dollar-denominated instruments are traded between banks in Hong Kong.  Rates (ranging from one-month to 12-month rates) are set at 11:00 am on Hong Kong business days based on HIBOR quotations provided by 20 banks designated by the Hong Kong Association of Banks.


For further details, please refer to "Interest Rate and Fixed Income Products" of "Derivatives Products" under the "Products & Services" section of the HKEX website.