I always thought SOR = SIBOR + market costs + exchange rate. Looking at yenkai's compilation of past SOR and SIBOR, I wonder why SOR can be lower than SIBOR. Which should I stick to SOR or SIBOR for lower volatility and lower interest rate ?
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I always thought SOR = SIBOR + market costs + exchange rate. Looking at yenkai's compilation of past SOR and SIBOR, I wonder why SOR can be lower than SIBOR. Which should I stick to SOR or SIBOR for lower volatility and lower interest rate ?