- The Steering Committee for SOR & SIBOR Transition to SORA (SC-STS) has announced new timelines for Singapore’s transition to SORA as its main interest rate benchmark
- Under the new timeline, all financial institutions and their customers should cease usage of SORA in new derivatives contracts by end-September 2021, except for specified purposes relating to the risk management and transition of legacy SOR positions to SORA
- https://abs.org.sg/docs/library/timelines-to-cease-issuance-of-sor-derivatives-and-sibor-linked-financial-products.pdf
