AAA-Rated HSBC Canadian Dollar Liquidity Fund Added to Global Liquidity Fund Range



    VANCOUVER, Aug. 21 /CNW/ - The HSBC Canadian Dollar Liquidity Fund, a
sub-fund of HSBC Global Liquidity Funds plc, is now available for purchase
internationally.
    This Fund has an Aaa/MR1+ rating from Moody's Investors Service and a
AAAm rating from Standard & Poor's. The HSBC Canadian Dollar Liquidity Fund
offers daily liquidity for companies seeking a competitive yield for their
cash reserves as well as 24 hour access to the Fund. All funds within the HSBC
Global Liquidity Funds plc. range have the equivalent high rating and daily
liquidity.
    Marc Cevey, Chief Executive Officer of HSBC Global Asset Management
(Canada) Limited, said: "These ratings reflect the very high credit quality of
the Funds' holdings and the underlying liquidity of the portfolios."
    The Fund's investment advisor is HSBC Global Asset Management (USA) Inc.,
a member of the HSBC Group. Globally, HSBC Global Asset Management, the core
investment business of the HSBC Group, has approximately C$400 billion under
management, of which C$114 billion is in liquidity and money market assets at
30 June 2008. The HSBC Global Liquidity Funds are offered in Canada through
HSBC Global Asset Management (Canada) Limited.

    
    Notes to Editors:
    -----------------
    1.  HSBC Global Asset Management (Canada) Limited is a subsidiary of HSBC
        Bank Canada and provides services in all provinces of Canada except
        Prince Edward Island. The HSBC Global Liquidity Funds plc offers
        offshore funds ("Liquidity Funds") which are managed by HSBC Global
        Asset Management (UK) Limited and HSBC Global Asset Management (USA)
        Inc. HSBC Global Asset Management (Canada) Limited and HSBC Global
        Asset Management (UK) Limited are subsidiaries of HSBC Holdings plc.

    2.  HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than
        180 offices. With around 9,500 offices in 85 countries and
        territories and assets of US$2,547 billion at 30 June 2008, the HSBC
        Group is one of the world's largest banking and financial services
        organizations.
    





For further information:

For further information: Media enquiries: Ernest Yee, Assistant Vice
President, Public Affairs, HSBC Bank Canada, (604) 641-2973; Sharon Wilks,
Senior Manager, Public Affairs, HSBC Bank Canada, (416) 868-3878


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