Singapore unveils transition roadmap for new interest rate benchmark

Submitted By:  Nathanielle Punay Case Study:  No SORA will replace the current key benchmark by end-2021. The government has introduced its new interest rate benchmark for the SGD cash and derivatives market, dubbed as the Singapore Overnight Rate Average (SORA), an announcement revealed. Managed by the Steering Committee for SOR Transition to SORA (SC-STS), SORA will replace the current key benchmark SOR after London Interbank Offered Rate (LIBOR) retires by end-2021. read more