Quoting from the SIBOR wikipedia entry,
SIBOR stands for Singapore Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market).
On the other hand,
The Swap Offer Rate (SOR) represents the effective cost of borrowing SGD synthetically through borrowing USD for 3 months and swap out the USD in return for SGD for the same maturity.
The fixing authority for both rates is the Association of Banks in Singapore. To summarize some of the differences between the two:
- Sibor is influenced by the supply and demand for funds in the Singapore interbank market, whereas SOR is more exposed to factors external to Singapore such as USD interest and exchange rates.
- SOR is more volatile because exchange rates as well as USD money market rates tend to fluctuate more
Daily rates
Yen Kai, just want to thank you for providing the rates in graph form and keeping it updated.
Submitted by Anonymous
on Sat, 02/07/2009 - 09:13
Term structure
Hi, may I know, how do I find the term structure of SIBOR? Also, where do you get these daily rates datas?
Thanks beforehand
Submitted by Anonymous
on Thu, 04/09/2009 - 16:39
SIBOR Yield Curve
The SGS Daily Domestic Interbank Rates lists the SIBOR for overnight up to 12 months. There is no chart form of this yet, thanks for your suggestion, i might just put the yield curve for this as well. The SOR rates are from the OCBC Wealth Management page.
Submitted by yenkai
on Wed, 04/15/2009 - 10:04
SIBOR forward curve
would be useful to see the forward curve ie what is market expectation of 3mth SIBOR say for 1stjan 2010. Does anyone know if the "man in the street" can trade this as im looking to hedge a mortage and lock in some attractive mid -term rates
Submitted by Anonymous
on Mon, 04/27/2009 - 15:10
Sibor Forward Curve
I have a similar question. What's the accepted wisdom, if at all there is any, on how the Sibor curve will look like for the rest of 2009 and calendar 2010? This is important because of loan facilities being offered pegged to the inter-bank rate ...
Thanks
Submitted by Anonymous
on Fri, 05/08/2009 - 00:42
Unfortunately, only the MAS
Unfortunately, only the MAS policy setting officials will know what future Sibor is likely to be, depending on economic indicators. As the saying goes, no risk, no gain. You can't profit from low rates while also having the security of visibility into future rates. Everything comes with a price. At best, you can take a calculated risk.
Submitted by yenkai
on Mon, 05/11/2009 - 23:38