Sibor
Sora now the de facto standard for Singapore dollar loan products as banks complete transition
The rate is widely adopted by financial institutions and borrowers and is derived from actual overnight interbank lending transactions in the country
Close to two-thirds of home owners with Sibor mortgages yet to switch as deadline looms
Many home owners with mortgages pegged to the Singapore Interbank Offered Rate (Sibor) have switched to alternative loan packages, but far more are resisting the move despite the clock ticking for suc...
All Sibor retail loans to be converted to reference Sora in June 2024
ALL outstanding Singapore Interbank Offered Rates (Sibor) retail loans will automatically be converted to reference Singapore Overnight Rate Average (Sora) in June 2024, said the steering committee fo...
Panel advises wholesale market to replace SOR exposures by year-end, retail market by October 2022
WHOLESALE market participants are being encouraged to "substantially shift" out of any legacy swap offer rate (SOR) exposures by Dec 31, while the retail market is expected to take a longer transition...
Banks to cease issuance of SOR derivatives and Sibor-linked financial products by Sept
FINANCIAL institutions will have to cease the use of the Swap Offer Rate (SOR) in new derivatives contracts by end-September 2021, in a freshly announced timeline to further push the industry towards ...
Banks' rates transition may pinch margins in near term
SINGAPORE banks may see some margin compression as the industry transitions to risk-free reference rates, but there is no race to the bottom for loan pricing in the next few years, said analysts.
Singapore to move ahead with Sora transition by year-end
Measure to take place even though Libor discontinuation may be postponed to mid-2023 from end-2021 as industry faces challenges in switching
Singapore to proceed with Sora transition, even as Libor discontinuation may be pushed back
SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key ...
MAS expands industry steering committee mandate to drive Sibor transition
THE Monetary Authority of Singapore (MAS) is expanding the mandate of the steering committee that is overseeing the Swap Offer Rate (SOR) transition to Singapore Overnight Rate Average (Sora), it said...
3 to 4-year timeline proposed for dropping Sibor
Final verdict on its fate likely to come in Nov. This means both Sibor, SOR will be phased out and replaced by SORA
