LCH extends central clearing of SORA derivatives to 21 years

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The Monetary Authority of Singapore is set to extend the tenor of daily SORA derivatives to 20 years. The LCH Group is extending the central clearing of over-the-counter Singapore Overnight Rate Average (SORA ) transactions from 5.5 years to 21 years. This is one of the first Asian currencies cleared by the international clearing house. The longer tenor is expected to promote more liquidity across all tenors in SORA Overnight Index Swaps, and basis swaps between SORA and the Swap Offer Rate (SOR). read more