HSBC Bank Canada intends to provide global-style liquidity facilities to Performance Trust

    VANCOUVER, Aug. 29 /CNW/ - HSBC Bank Canada has announced that it intends
to convert its current backstop liquidity facilities to its bank-sponsored
asset-backed commercial paper conduit, Performance Trust, to global-style
liquidity facilities.

    HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 170
offices and is the leading international bank in Canada. With around 10,000
offices in 83 countries and territories and assets of US$2,150 billion at
30 June 2007, the HSBC Group is one of the world's largest banking and
financial services organizations.

For further information:

For further information: Media enquiries to: Ernest Yee, (604) 641-2973;
Sharon Wilks, (416) 868-3878

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