All posts tagged "SOFR"
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753Market InfrastructureUS Agencies Urge Banks Forward on LIBOR Transition
The Fed, OCC and FDIC have asked banks to move away from LIBOR 'without delay', accelerate customer outreach, and prepare their systems for the transition.
November 16, 2020 -
2.6KHong KongTradition Executes First HONIA-SOFR Cross Currency Basis Swap
The trade provides a foundation for the structure of cross-currency swaps that use SOFR and the local ARR, in this case HONIA.
October 8, 2020 -
915MalaysiaMalaysia Completes First KLIBOR-SOFR Cross-currency Basis Swap
The USD 100 million trade was the first MYR - USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.
September 24, 2020 -
1.1KFeatureUOB Issues First Dual Tranche SORA-SOFR Loan for CapitaLand
UOB and CapitaLand aim to enhance market confidence in adopting SORA and help accelerate the transition away from SOR, in line with MAS objectives.
September 4, 2020 -
2.0KMarket InfrastructureSingapore: SOR Fallback Rate to Only be Available Temporarily
Fallback Rate (SOR), the primary fallback reference rate for SOR derivatives, will be permanently discontinued about three years following the fallback trigger.
September 1, 2020 -
1.3KKoreaEximbank Issues South Korea’s First SOFR-linked Bonds
State lender Eximbank is the first financial institution in South Korea and the third in Asia to issue SOFR-linked bonds.
August 21, 2020 -
994Market 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 -
1.4KFeatureHKEX Clears First HONIA-based Interest Rate Swaps
The first centrally cleared HONIA interest rate swap contract was between BOCHK and HSBC, marking a significant step to promote HONIA’s adoption in the financial industry.
July 10, 2020 -
916FeatureSingapore Banks Ready to Trade SORA Derivatives
The ABS and SC-STS say "significant progress" has been made in key technical work to support Singapore's transition from SOR to SORA.
June 29, 2020 -
738Market InfrastructureARRC Publishes Best Practices for LIBOR to SOFR Switch
The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.
June 1, 2020
