All posts tagged "SIBOR"
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176Market InfrastructureSingapore Offers Guidance on Converting Legacy SOR Contracts
Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.
July 30, 2021 -
382Market InfrastructureDBS, StanChart Execute First SORA Interbank Option Trade
The interbank option trade was executed to manage market risk arising from a SORA interest rate option, which was also an industry first.
June 1, 2021 -
277SingaporeSORA Property Loans Provide Interest Rate Stability: UOB
Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.
April 8, 2021 -
360FeatureSingapore Announces End-date for SOR Derivatives
Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.
April 1, 2021 -
377Australia & NZCBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation
The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.
March 23, 2021 -
436EnforcementNew York Court Reinstates SIBOR Manipulation Lawsuit
The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
March 19, 2021 -
463FeatureMAS Outlines 2021 Plans to Continue Transitioning to SORA
SOR will now end 18 months later to reflect the IBA's plans, but the transition to SORA in cash products and derivatives markets will continue at pace.
February 3, 2021 -
500FeatureSingapore Set Out Timelines for Full Discontinuation of SIBOR
The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.
December 11, 2020 -
927Market Infrastructure
DBS Launches SORA Business Property Mortgage Loan Package
The package is tailored to allow SMEs to finance or refinance their commercial and industrial properties at more competitive rates.
September 6, 2020 -
846Market InfrastructureMAS Becomes First Asian Government Entity to Issue RFR Debt
Singapore is seen to be leading Asia in its preparation for the cessation of LIBOR at the end-of 2021. Earlier this month, MAS announced new initiatives to catalyse SORA markets.
August 20, 2020
