News
FX & Money Markets
Tradition USD Repo Service
By TraditionData
1 Jun 2023
Credit & Fixed Income
Japanese Government Bonds now available via...
18 May 2023
Product launch: Derivium Tradition
25 Apr 2023
Interest Rate Derivatives
Best in class USD Swaps data...
By Ian Sams
19 Apr 2023
Product notification
25 new USD SOFR Butterfly Spreads...
13 Feb 2023
"*" indicates required fields
Δ
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.
TraditionData’s SOFR packages provide the most robust, comprehensive and accurate view of the American Markets.
Insight
Rates market turmoil boosts demand for…
17 May 2023
Life after LIBOR: gain the upper…
3 May 2023
The importance of historical FX data
By Sal Provenzano
27 Apr 2023
Data plays a vital role in…
20 Apr 2023