6. 1 Month SIBOR Rate History Chart 7. 1 Month SIBOR Historical Rate 8. Interest Rate Forecast What is SIBOR Based on? SIBOR is the acronym for Singapore InterBank Offer Rate. In layman terms, it simply represents the interest rate that Singapore banks charge to lend to each other. SIBOR...
When six-month SOR was discontinued it triggered the cessation of six-month SIBOR three months later on March 31, 2022. 12-month SIBOR was discontinued on December 31, 2020. SORA SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank cash market...
Your loan is currently on fixed rate and will only be changing to a SIBOR reference rate after the fixed tenure ends.For example, if you have 1-year remaining lock-in period on fixed rate: However, if you decide to switch to a prevailing loan package which comes with a fresh lock-in ...
Consequently, the report assessed that, rather than implementing two transitions to separate interest rate benchmarks ( i.e., SOR-to-SORA, SIBOR-to-new polled benchmark ), it will be beneficial in the long run for Singapore dollar financial markets to shift to a SORA-centered Singapore dolla...