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First trade closed with SORA, the replacement for SOR

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OCBC Bank and Standard Chartered have completed Singapore's first overnight indexed swap derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark, paving the way for further adoption of the alternative rate.

Singapore

OCBC Bank and Standard Chartered have completed Singapore's first overnight indexed swap derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark, paving the way for further adoption of the alternative rate.

SORA is the...

sentifi.com

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