Tag: SORA

MAS Unveils SORA Transition Support

The Monetary Authority of Singapore (MAS) has announced several initiatives to support the adoption of the Singapore Overnight Rate Average (Sora), which is administered by MAS. Given Sora’s growing importance as a key interest rate benchmark in Singapore dollar financial markets, MAS explains the initiatives aim to catalyse greater activity in Sora markets, safeguard the […]

LCH Clears First SORA Swap

LCH says it has cleared the first swaps to reference the new Singapore benchmark rate, the Singapore Overnight Rate Average (Sora) – Standard Chartered Bank was party to the first trade. Sora is Singapore’s solution for the global push away from Ibors as reference rates and will replace the existing Singapore Overnight Rate (Sor) and […]

MAS Established Benchmark Transition Team

The Monetary Authority of Singapore (MAS) has announced the establishment of the Steering Committee for SOR Transition to SORA. The committee will oversee an industry-wide interest rate benchmark transition from SOR to SORA. SOR is a key interest rate benchmark in Singapore that is used in the pricing of SGD interest rate derivatives, commercial and retail […]

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