Category: Mortgage industry of Singapore

Singapore Swap Offer Rate (SOR)

Singapore Swap Offer Rate (SOR) is “the expected forward exchange rate between the US dollar and Singapore dollar.” And is simply the rate that one would have to pay in US dollars….


SIBOR

SIBOR stands for Singapore Interbank Offered Rate [1] and SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer unsecured funds to other banks in the Singapore wholesale money market (or interbank market ). It is similar to the widely used LIBOR ( London Interbank Offered Rate ), and Euribor (Euro Interbank Offered Rate). Using SIBOR is more common in the Asian region and set by the Association of Banks in…