SORA

Sora expected to remain low, but analysts say further decline limited 

The Singapore banks will post their Q2 financials next month, beginning with OCBC on Aug 1 and followed by DBS and UOB on Aug 7.

DBS, OCBC, UOB Q2 results likely to be weighed down by lower interest rates

The shift will strengthen the resilience of the Singapore dollar market, says MAS' deputy managing director Leong Sing Chiong, who also co-chairs the steering committee.

Sora now the de facto standard for Singapore dollar loan products as banks complete transition

Sora Futures will be a tool for market participants to hedge their exposure to interest rate risks, amid rising issuance of Sing dollar cash market products that reference the interest rate benchmark.

SGX to offer interest rate derivatives on Singapore, Tokyo benchmarks

Customers can switch their loans to the banks’ prevailing packages or to the Sibor-Sora conversion package between Aug 1, 2023 and Apr 30, 2024.

All Sibor retail loans to be converted to reference Sora in June 2024

Sora, which is the volume-weighted average borrowing rate in Singapore’s unsecured overnight interbank cash market, has been administered by the MAS since 2005.

Three-month compounded Sora crosses 3% for the first time since 2007

From March 2021 to March 2022, gross exposures to SORA derivatives rose from less than S$10 billion to more than S$1.136 trillion, overtaking the size of the SOR derivatives market.

Singapore banks urged to aim for transition out of SOR by Mar 31, 2023

A logo of an Oversea-Chinese Banking Corporation (OCBC) bank is pictured outside an automated teller machine booth in Singapore in this January 5, 2016.

OCBC and StanChart complete 30-year Sora OIS, the second longest tenor in history

Singapore mortgage rates may rise up to 0.75 point this year following Fed hikes, consultants say

Singapore mortgage rates may rise up to 0.75 point this year following Fed hikes, consultants say