For corporates, Sora seems to be the hardest word

Singapore is facing challenges adapting to new overnight lending rate, but progress is being made

It’s often said that change doesn’t happen overnight, and the adage is doubly true when a country is switching to an overnight lending rate. Although progress has been made in the switch from Singapore’s Swap Offer Rate (SOR) to the new Singapore Overnight Rate Average (Sora), lenders in the city-state are wary about the accompanying regulatory and compliance requirements. Corporates that borrowed under the current benchmark are also proving slow to shift over to the new one.

“The rates have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here