, Singapore

OCBC and Standard Chartered completes Singapore's first OIS trade using SORA

The trade is a one-year interest rate swap fixed against SORA.

OCBC Bank and Standard Chartered have completed Singapore’s first overnight indexed swap (OIS) derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark, the two banks announced.

The trade completed is a one-year interest rate swap fixed against SORA.

This came after the Association of Banks in Singapore and the Singapore Foreign Exchange Market Committee (ABS-SFEMC)’s 30 August 2019 consultation report, which set out a roadmap for the development of new SORA-based markets. 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”