The Business Times
business-time-50
SUBSCRIBERS

LCH clears first Sing-dollar interest rate swaps referencing SORA

Global clearing house clears swaps with StanChart, OCBC as counterparties

google-preferred-sourceAdd BT as a preferred source
Published Tue, May 19, 2020 · 09:50 PM

Singapore

GLOBAL clearing house LCH has cleared the first Sing-dollar interest rate swaps referencing the Singapore Overnight Rate Average (SORA), it said on Tuesday.

Singapore is transitioning from the use of the Sing-dollar Swap Offer Rate (SOR) to SORA over the next year, with the London Interbank Offered Rate (Libor) scheduled to be phased out by end-2021.

TRENDING NOW

Third-gen owner Edmond Wong is not concerned about “vanity” metrics, and instead aims to “sustain a good business”.

Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage

Singapore Kitchen Equipment was founded by husband-and-wife duo Sally Chua (left) and Alan Lee.

Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now

The flush liquidity in Singapore has weakened a historically tight link between interest rates in the city state and the US.

Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook

The firm on May 15 proposed injecting Marco Polo Shipyard and MP Marine into Fuji Offset Plates Manufacturing.

Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More