IAS 19 paras 144, 145, significant actuarial assumptions and sensitivities

HSBC Holdings plc – Annual report – 31 December 2021

Industry: banking

5 Employee compensation and benefits (extract)

Post-employment defined benefit plans’ principal actuarial financial assumptions

HSBC determines the discount rates to be applied to its obligations in consultation with the plans’ local actuaries, on the basis of current average yields of high-quality (AA-rated or equivalent) debt instruments with maturities consistent with those of the defined benefit obligations.