News
Energy & Commodities
UK Fuel Oil End Of Day...
By TraditionData
29 Mar 2023
Product notification
Metal FWD End of Day
Product launch
Japanese Government Bonds Launch
21 Mar 2023
Ping An Data Feed Cessation
15 Mar 2023
25 new USD SOFR Butterfly Spreads...
By Ian Sams
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
LIBOR transition: the countdown is on…
16 Jan 2023
How market data helps corporate treasurers…
13 Nov 2022
Data & the beautiful game –…
By Scott Fitzpatrick
SOFR Indicative Rate Service
2 Aug 2022