Dividends are declared in US dollars, and at the election of the shareholder, paid in cash in one of, or in a combination of, US dollars, sterling, Hong Kong dollars, or satisfied in whole or in part by the issue of new shares in lieu of a cash dividend.
If your shares are recorded on the Principal Register, you will automatically receive any dividends payable to you in cash in sterling, unless you have previously elected to receive payment in US dollars or Hong Kong dollars. However if your address is in the United States, you will automatically receive any dividends payable to you in cash in US dollars, unless you currently receive payment in one of the other currencies, or make an election to do so.
If your shares are recorded on the Hong Kong Overseas Branch Register, you will automatically receive any dividends payable to you in cash in Hong Kong dollars, unless you have previously elected to receive payment in US dollars or sterling.
If your shares are recorded on the Bermuda Overseas Branch Register, you will automatically receive any dividends payable to you in cash in US dollars, unless you have previously elected to receive payment in Hong Kong dollars or sterling.
Once determined, the exchange rates are announced to the London, Hong Kong, New York, Paris and Bermuda stock exchanges.
For more details on the timing and determination of the exchange rates in respect of HSBC's most recently declared dividend, please refer to the scrip dividends page to read or download the letter to shareholders.