Singapore Dollar Swap Offer Rate (SOR) is an implied interest rate, determined by examining the

spot Spot or SPOT may refer to: Places * Spot, North Carolina, a community in the United States * The Spot, New South Wales, a locality in Sydney, Australia * South Pole Traverse, sometimes called the South Pole Overland Traverse People * Spot (produ ...

and forward foreign exchange rate between the US dollar (USD) and Singapore dollar (SGD) and the appropriate US dollar interest rate for the term of the forward. It reflects the cost of borrowing SGD synthetically by borrowing USD and subsequently "swapping" to SGD by using an FX Swap. It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and 6 month. Like SIBOR, SOR is set by the

Association of Banks in Singapore Association may refer to: *Club (organization), an association of two or more people united by a common interest or goal * Trade association, an organization founded and funded by businesses that operate in a specific industry * Voluntary associat ...

, and is also publicly available. Below are the rates for 5 December 2018 published b
ABS Co.
Residential property loans in Singapore are no longer pegged to SOR as banks have withdrawn them in 2017. SOR-pegged mortgages in recent years are not as popular as

SIBOR SIBOR stands for Singapore Interbank Offered Rate
''Financial Times'' 25 July 2012 and is a daily reference r ...

-linked mortgages or Fixed Deposit Rates linked mortgages due to its volatility. They are still available in the wholesale and commercial lending space.

References

External links

Association of Banks in Singapore (ABS)
Mortgage Mortgage industry of Singapore Reference rates Currencies of Singapore Foreign exchange market {{Singapore-stub