O

Offer Period - The availability period for the housing loan package.

Option/Warrant - An instrument that gives the holder the right but not the obligation, to subscribe for a particular instrument, e.g. new ordinary shares, at a pre-determined exercise price within a stipulated validity time frame (exercise period). The warrant becomes worthless after the expiry of the exercise period.

Outstanding Financing - Remaining financing not yet paid, including profit margin and other charges.

Outstanding Loan - Remaining loan not yet paid, including interest and other charges.

Over-the-counter visit (OTC) - Banking transactions performed over the counter is treated as one OTC visit irrespective of the number of transactions performed

Overdraft - A type of credit facility granted to the eligible current account holder. The borrower is allowed to issue cheques exceeding the credit balance in the current account but subject to a certain pre-approved limit granted by the financial institution.

Overdraft Rate - The amount charged by banking institutions to borrowers for utilizing the overdraft facility, calculated based on daily outstanding balance.

Overnight Policy Rate (OPR) Overnight Policy Rate (OPR) is the interest rate at which a depository institution lends immediately available funds (balances within the central bank) to another depository institution overnight. This is an efficient method for banks around the world to practice 'Accessing short-term financing' from the central bank depositories. The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates.