CREDIT (part II)

The basic definitions:
default ..... debt overdue of 90 days
default risk ..... the risk of loss of the lender due the default of borrower

Typical credit card ..... limit 50.000 HKD, 16-20% p.a.

Typical mortgage ..... 2.100.000 HKD, 20 years, interest rate 3%, 11.647 HKD per month down payment

Hong Kong intrabank rate .....
http://www.hkma.gov.hk/eng/market-data-and-statistics/economic-and-financial-data-for-hong-kong.shtml