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Dec 19, 2022 · The Singapore Overnight Rate Average or SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8.00am and 6.15pm. The SORA Publication Date is the same date as the SORA Compounded Index Value Date.
NoTitleTypeUnit Of Measure1Interbank OvernightNumeric (Percent)% p.a.2Interbank 1-weekNumeric (Percent)% p.a.3Interbank 1-monthNumeric (Percent)% p.a.4Interbank 2-monthNumeric (Percent)% p.a.SORA is the Singapore Overnight Rate Average, the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market. See the historical and current SORA rates for different periods and how they affect your mortgage loan interest rates.
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Learn what SORA is, how it affects your home loans and how it differs from SIBOR and SOR. Find out the latest SORA rates and trends for 2024 and beyond.
SORA is based on the average rate of unsecured overnight interbank SGD transactions in Singapore. Learn how SORA is derived, its benefits, and the transition roadmap from SOR and SIBOR to SORA.
The Singapore Interbank Offered Rate (SIBOR) will be discontinued immediately after 31 December 2024, supporting the shift towards a SORA-centred SGD interest rate landscape. These developments will reduce market fragmentation, facilitate easier comparison of loan pricing, and support the deepening and efficiency of SORA markets.
Oct 17, 2022 · SORA is the Singapore Overnight Rate Average, based on transactions in the unsecured overnight interbank cash market. It will replace SOR and SIBOR, which are being phased out, as the main reference rate for loans and financial products in Singapore.
SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore. Learn about SORA's features, calculation methodology, benefits, and how to access it on the MAS website.
