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Update of the codes of the Floating Rate Index

02 November 2020

To cope with the floating rate indices emerging from the markets from time to time, a regular update is implemented to the coding scheme “FloatingRateIndex” supported in the HKTR system on a bi-monthly basis. The bi-monthly update will commence from February 2021 and the detailed arrangement is specified as follows.

 

On the 16th of every two months or the next business day if 16th is not a business day, an announcement will be posted on the Service Announcement section of the HKTR Info Page to highlight if there are any updates of the floating rate indices1. The updates will come into effect on the first business day of the month after next month.  

 

To illustrate the arrangement, the first update of floating rate indices (if any) will be made in February 2021 and to be effective in April 2021:

 

 

 

February 2021

 

 

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April 2021

 

 

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A service announcement will be posted on 16 February 2021 to generally highlight the updates of the floating rate indices, if any, emerging from the markets in the period from 8 July 2020 (i.e. the last announcement date of the AIDG v1.7 documentation version) to 15 February 2021 (i.e. the day before the announcement date, 16 February 2021). The updates will become effective on 1 April 2021.

Furthermore, the second update of floating rate indices (if any) will be made in April 2021 and to be effective in June 2021.  A service announcement will be posted on 16 April 2021 to generally highlight the updates of the floating rate indices, if any, emerging from the markets in the period from 16 February 2021 (i.e. the last announcement date) to 15 April 2021 (i.e. the day before the next announcement date, 16 April 2021). The updates will become effective on 1 June 2021. Subsequent updates will be announced similarly every two months.

Apart from the service announcements, the details of the update of coding scheme “FloatingRateIndex” will also be reflected in the AIDG Appendix F to allow participants to keep abreast of the latest development of coding schemes and enumerations supported in the HKTR system.

 


1 For avoidance of doubt, nil update will be provided when there is no update made for the corresponding period.

Last revision date:02 November 2020