Singapore prepares move to new interest rate benchmark
Banks in Singapore aim to
start active Singapore Overnight Rate Average (SORA) derivatives
trading in the second half of the year, as the city-state
prepares a transition to new benchmark interest rates in line
with a global trend, industry and regulatory officials said on
Thursday.
start active Singapore Overnight Rate Average (SORA) derivatives
trading in the second half of the year, as the city-state
prepares a transition to new benchmark interest rates in line
with a global trend, industry and regulatory officials said on
Thursday.
Posted by Reuters
