Singapore Swop Offer Rate (SOR)

Singapore Swap Offer Rate (SOR) is " the expected forward exchange rate between the US dollar and Singapore dollar."

SOR comes in tenure of 1-, 3-, 6- , or 12-month. At the end of the tenure, the US$ will be converted into Sing$. However, as it is linked to currency movements, it is more volatile than SIBOR.

Like SIBOR, SOR is set by the Association of Banks in Singapore, and is also publicly available.

Some residential property loans in Singapore were pegged to SOR, but SOR-pegged mortgages were discontinued somewhere in 2013 or the first half of 2014.[1]

References

  1. ↑ "DBS pegs mortgages to fixed deposit rates", STProperty.

External links

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