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Market Data
Gasoil cracks retrace to pre-sanction levels as geopolitics and bearish outlook weigh on markets
By Francesca Marrone
17 Dec 2025
Credit & Fixed Income
Resilient and rising: APAC LCY bond markets remain strong amid USD pivot
By TraditionData
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What the last FOMC meeting of the year tells us about Repo signals
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Dutch courage or cavalier: pensions take on risk, exit bonds
By Akshay Gupta
9 Dec 2025
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The Singapore Overnight Rate Average (SORA) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore. This alternative reference rate has gained significant traction in the market, as financial institutions look for solutions to replace the fading benchmark of LIBOR.
SORA is based on actual transactions in the market, making it more representative of the current market conditions. Lastly, it is administered by the Monetary Authority of Singapore (MAS), which provides a level of assurance to market participants regarding its accuracy and reliability.
SORA offers a number of unique features that make it a valuable tool for financial services professionals. These features include:
As a reference rate for pricing financial products such as bonds, loans, and derivatives.
As a benchmark rate for determining interest payments on savings and deposit accounts.
As a basis for determining the exchange rate between the Singapore dollar and other currencies.
As a benchmark for benchmarking fund performance.
As a reference rate for assessing the creditworthiness of borrowers.
Insight
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Data insights key for financial players to capitalise on SORA
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Rates market turmoil boosts demand for modelled LIBOR alternatives
17 May 2023