Mechanics and Definitions of Singapore Benchmark Rates (SGD SOR and SGD SIBOR)
Singapore has unique benchmark interest rates. SOR is an FX-derived synthetic SGD interest rate from FX swaps. SOR will therefore be impacted by changes to USD LIBOR as a result of the latest ISDA consultation. Cross Currency in SGD trades versus the SOR index. Why isn’t the basis therefore zero? Singapore Interest Rates In response […]