Interest Rate Forecast Interest rates have dipped ever since SORA was discontinued. Borrowers can start looking for SORA floating interest rate loans to take advantage of lower rates over the next 12 months as inflation dips and mortgage rates drop likewise.Search...
Singapore Overnight Rate Average (SORA) The Singapore Overnight Rate Average (SORA) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8am and 6.15pm. Your loan can be based on the 3-month Compounded SORA. If...
The most commonly used is the 3-month SIBOR rates. Although the current SIBOR rate in Singapore looks pretty attractive, note that SIBOR rate history shows that it can also go through the roof. SIBOR historical rates don’t lie and is a reflection of how economies can affect it. Falling i...
1For example, if your existing loan reference is 1-month SIBOR, the Adjustment Spread (spot-spread) is the average difference between 1-month SIBOR and 3-month compounded SORA in the preceding three-month period. 2https://abs.org.sg/benchmark-rates/publications ...
SIBOR and SOR are both typically forward-looking rates. On June 30, 2023, SOR was discontinued for all tenors. SIBOR is administered by ABS Benchmarks Administration Co Pte Ltd, with Refinitiv as the calculation agent. On July 29, 2020, the Association of Banks in Singapore (“ABS”), ...
collate the SIBOR rate from 20 member banks, each day, before 11 a.m. Singapore time. If a minimum of 12 banks failed to report the rates in a given day, there was no SIBOR for that day. If more than 12 report, the top and bottom quartiles were discarded and an average is ...
“The adoption of SORA by Singapore provides the local financial market with a truly domestic floating rate benchmark, which is not derived from Libor, an external benchmark,” says Jose Luis Yepez, Asia-Pacific head of rates and currencies trading, Citibank, in conversation withThe Asset.“I...