BW20030703002034  20030703T145750Z UTC


( BW)(BANK-OF-MONTREAL)(BKM) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--July 3, 2003--


Issue: Bank Montreal
A3-03 (HSBC REF SERIES 19)
XS0171484602

Pursuant to our appointment as
Agent for the above stated issue,
please be advised of the following
interest rate determination:

Date From: 07 July 2003
Date To: 07 October 2003
Value Date: 07 October 2003
Benchmark Rate: 1.11%
Margin: 0.125%
Total Rate: 1.235%
Number of Days: 92
Day Count: Actual / 360
Interest Frequency: Quarterly
Denomination: USD 1,000.00
Amount per Denomination:
USD 3.16
Denomination: USD 10,000.00
Amount per Denomination:
USD 31.56
Denomination: USD 100,000.00
Amount per Denomination:
USD 315.61
Denomination: USD 1,000,000.00
Amount per Denomination:
USD 3,156.11
Total Amount Due:
USD 3,160,000.00
Pool Factor: 1


   Short Name: Bank of Montreal
   Category Code: RC
   Sequence Number: 00006615
   Time of Receipt (offset from UTC): 20030703T154848+0100

    --30--ne/uk*

    CONTACT:  Bank of Montreal

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING 
    SOURCE:  Bank of Montreal

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