Rate Name Rate
1M SIBOR 0.32078
3M SIBOR 0.38906
3M SOR 0.39519
Last updated on 15 May
append daily rates in this thread (might be hard to find)
create daily thread (clearer, but wonder admin/mod will mind?)
Rate Name Rate
1M SIBOR 0.32078
3M SIBOR 0.38906
3M SOR 0.39519
Last updated on 15 May
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Rate Name Rate
1M SIBOR 0.32078
3M SIBOR 0.38906
3M SOR 0.39254
Last updated on 16 May
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Rate Name Rate
1M SIBOR 0.32188
3M SIBOR 0.39042
3M SOR 0.42198
Last updated on 18 May
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do you mean that you own cliff...!!lolOriginally Posted by land118
Rate Name Rate
1M SIBOR 0.32422
3M SIBOR 0.38656
3M SOR 0.4107
Last updated on 21 May
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Rate Name Rate
1M SIBOR 0.32423
3M SIBOR 0.38656
3M SOR 0.41153
Last updated on 22 May
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Rate Name Rate
1M SIBOR 0.32423
3M SIBOR 0.38656
3M SOR 0.4133
Last updated on 23 May
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I have started a blog and you may visit SingaporeSIBOR.com to view latest SIBOR rates, SIBOR historical charts, or SIBOR vs SOR.
Any suggestion is welcomed to improve the blog.
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You might want to know the big drop of 3M SOR today!!!! 20%!
1M SIBOR 0.31794
3M SIBOR 0.39714
3M SOR 0.30656
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That is great news.Originally Posted by newbie11
huat ahhh
Waiting for sibor to correct too.
1M SIBOR 0.31796
3M SIBOR 0.39571
3M SOR 0.21865
Last updated on 4 Jun
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Will it go to negative again?Originally Posted by newbie11
wah, change so fast. a few days back SOR >0.4 and I was afraid of going up. now drop?!Originally Posted by newbie11
TS not providing updates anymore?
It's moved here
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Central bank of Singapore in discussion to discontinue SIBOR. What will happen to those loans peg to it?
BIG TIME. will have to call my bank liaow.
Interest rates to 2.6%? like the HDB loans or more?
profits-no-enough!
Originally Posted by DC33_2008
I think the report mentioned US dollar based SIBOR, not SG dollar based.Originally Posted by DC33_2008
Is there a link?
Originally Posted by myfirstpc
found this online
http://www.housingloansingapore.com/...-housing-loans
whoever wrote this really doesnt have the full understanding of SIBOR
the writer says when we talk about SIBOR we think about housing loans, etc ... about it being determined by ABS ...etc
only partly correct
SIBOR does not mean SGD loan
SIBOR = Singapore Interbank Offer Rate ..
it can be USD, SGD, JPY etc
just like LIBOR is not USD ... LIBOR can be GBP, USD, JPY ..etc
it merely refers to WHERE the rates are fixed
you can have Tibor too ...rates fixed in Tokyo ... be it USD JPY EUR
also
it is wrong to say SIBOR rate or SOR rate
when the R already mean Rate
SIBOR RATE = Singapore interbank offer rate rate ????
to say SIBOR rate is the same as to say Repeat Again
Pardon me, I found this and repost here:
http://sg.finance.yahoo.com/news/sin...075325412.html
Source: REUTERS
SINGAPORE, Feb 18 (Reuters) - Singapore's central bank is expected to scrap its U.S. dollar-linked interbank lending rate, according to a banker with knowledge of regulators' reviews into the setting of interest rates following the Libor rate rigging scandal.
The Monetary Authority of Singapore ordered members of the Association of Banks in Singapore in July to review how they set their benchmark interbank lending rates, focusing on the Singapore interbank offer rate (Sibor) and the Swap Offer Rate (SOR).
The order came after U.S. and UK authorities uncovered widespread manipulation of the London interbank lending rate (Libor).
The banker said, in a text message exchange with Reuters, that as a result of those reviews the abolition of the U.S. dollar Sibor was "likely".
The MAS provided no new comment on the matter when contacted by Reuters. In December, the regulator said the reviews were ongoing and it was premature to speculate on their outcomes.
U.S. dollar Sibor is a measure of the cost of borrowing U.S. dollars in the Singapore interbank market, and is used to price loans made by Singapore banks in U.S. dollars. Banks can use alternatives, like the U.S. dollar Libor rate.
The more significant market in Singapore is the Singapore dollar Sibor, which is used as the reference price for many commercial and home loans in the city-state.
The MAS probe was extended in late September when the regulator said banks must also look at how rates for non-deliverable foreign exchange forwards are set.
Reuters reported last month that bank reviews found that NDF rates had been manipulated as well.
Singapore's probe was similar to those launched by other regulators across the globe following last year's Libor scandal, when U.S. and UK authorities unveiled widespread rigging of the London interbank rate, a benchmark used to price more than $500 trillion worth of contracts from derivatives to mortgage rates to credit cards.
U.S. and UK regulators have fined three banks to date - RBS, Barclays and UBS - a total of $2.6 billion for allowing traders to manipulate Libor interbank rates.
Bloomberg reported earlier on Monday that Singapore's central bank was considering ending the city-state's U.S. dollar-linked interbank lending rate. Citing an anonymous source, the report said members of the Singapore Foreign Exchange Market Committee in a Jan. 22 meeting examined the proposal during a discussion of MAS's review of benchmark rates.
The group may instead use the U.S. dollar London interbank offered rate, the article said, with changes expected by June.
Thomson Reuters, parent company of Reuters News, acts as the agent for the Association of Banks in Singapore, collecting and calculating the rates. (Reporting by Rachel Armstrong; Additional reporting by Elzio Barreto and Kevin Lim; Editing by Michael Flaherty and Simon Cameron-Moore)
Originally Posted by proud owner
what it says it that MAS is considering removing USD rates from its daily SIBOR fixingOriginally Posted by myfirstpc
if true ... no effect of SGD lending rates ... or mortgage rate pegged to SIBOR
but by removing USD ... banks who use the SIBOR USD to determine the SOR will have problem ...
banks will use whatever USD funding rate instead of USD from sibor ..
so if any effect ..mortgage pegged to SOR MAY be affected
http://www.findahomeloan.sg/componen...continue-sibor
Monday, 18 February 2013 23:59
MAS reportedly in discussions to discontinue SIBOR
SINGAPORE: Reports say Singapore's central bank is in discussions to discontinue the Singapore Interbank Offered Rate (SIBOR).
The Monetary Authority of Singapore (MAS) launched a review of the SIBOR last July after abuses related to the London Interbank Offered Rate (LIBOR) surfaced.
A few months later, it broadened investigations to include some exchange rates set in the city.
Analysts say getting rid of SIBOR would force banks in Singapore to renegotiate outstanding loans, which could potentially hit earnings.
SIBOR is used as a basis for the pricing of all loans in Singapore, ranging from business loans to mortgages.
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agree with your thoughts.. although the CNA article didnt specify USD SIBOR.Originally Posted by proud owner
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I believe the are talking about usd sibor not sgd siborOriginally Posted by DC33_2008
What's going to happen to SOR?
i think it's referring to these findings..
Bank probes find manipulation in Singapore's offshore forex market: Source - The Economic Times http://economictimes.indiatimes.com/...w/18215714.cms
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