News
Market Data
Global market movements & OTC derivatives impact
By Ian Sams
24 Jul 2025
FX & Money Markets
Inflation repricing is reshaping Yield Curves: here’s how Data can help
By Jake Harmon
17 Jul 2025
Interest Rate Derivatives
Interest Rates, FX & Oil updates: July 2025
By Jessica Kalaria
14 Jul 2025
Uncovering FX and Yield divergences with TraditionData’s broker-sourced data
By Akshay Gupta
27 Jun 2025
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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. This alternative reference rate has gained significant traction in the market, as financial institutions look for solutions to replace the fading benchmark of LIBOR.
SORA is based on actual transactions in the market, making it more representative of the current market conditions. Lastly, it is administered by the Monetary Authority of Singapore (MAS), which provides a level of assurance to market participants regarding its accuracy and reliability.
SORA offers a number of unique features that make it a valuable tool for financial services professionals. These features include:
As a reference rate for pricing financial products such as bonds, loans, and derivatives.
As a benchmark rate for determining interest payments on savings and deposit accounts.
As a basis for determining the exchange rate between the Singapore dollar and other currencies.
As a benchmark for benchmarking fund performance.
As a reference rate for assessing the creditworthiness of borrowers.
Insight
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