All posts tagged "SOR"
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746Market InfrastructureSingapore Publishes Timelines, Guidance to Support Transition to SORA
Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.
October 27, 2020 -
685Market InfrastructureMAS to Intensify Supervisory Engagement to Drive SORA Transition
In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.
September 10, 2020 -
1.1KMarket 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 -
864Market InfrastructureSingapore Industry Consultation Proposes to Discontinue SIBOR
Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.
July 30, 2020 -
684FeatureOCBC Launches First SORA-based Home Loan Package
The 90-Day SORA home loan package is available to buyers of completed private properties with a minimum loan size of S$1mn.
July 14, 2020 -
698FeatureSingapore 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 -
552Feature
OCBC Issues Singapore’s First SORA-based Loan Facility
The S$150mn three-year corporate loan from OCBC to CapitaLand is hailed as a milestone in the industry’s transition roadmap towards SORA adoption.
June 17, 2020 -
748FeatureLCH Launches Central Clearing for Derivatives Referencing SORA
The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.
May 19, 2020 -
1.4KMarket InfrastructureDBS Prices Singapore’s First SORA-based Floating Rate Notes
DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore's alternative interest rate benchmark to SOR.
May 7, 2020 -
725EuropeMAS, ESMA Sign MOU on Singapore’s Financial Benchmarks
The MOU and last year's equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.
April 18, 2020
