SGD SOR definition

SGD SOR means, in relation to any Utilisation in Singapore Dollars:
SGD SOR means the swap offer rate in Singapore Dollars for a period of the Designated Maturity, which appears on the page “ABSI” (Association of Banks in Singapore SGD Swap Offer – 11am Fixing Rates) in the Bloomberg Professional Service as of approximately 11:00am (London time) on the Interest Determination Date, or such other page, section or other part as may replace it on that information service or such other information service, in each case, as may be nominated by the person providing or sponsoring the information appearing there for the purpose of displaying rates or prices comparable to the SGD SOR. If no such other page, section or part of the Bloomberg Professional Service is available or if no such other information service is available, the SGD SOR will be determined in accordance with the fall back provisions provided for in Condition 5(c) (Screen Rate Determination for Floating Rate Notes where the Reference Rate is not specified as being Compounded Daily SONIA, Compounded Daily SOFR or Compounded Daily SORA) subject to Conditions 5(o) (Benchmark Replacement (SOR)) and/or 14(h) (Redemption following Benchmark Event), as applicable.

Examples of SGD SOR in a sentence

  • These hedging relationships are designated using interest rate swaps, for changes attributable to MYR KLIBOR, USD LIBOR and SGD SOR that are respective current benchmark interest rate.

  • Rules removing the requirement to clear swaps referencing USD LIBOR and SGD SOR- VWAP will be implemented on July 1, 2023.face elevated credit risk, and in the event of an FCM default may have difficulty porting positions on short notice.

  • The industry working group in Singapore, led by the Association of Banks in Singapore and Singapore Foreign Exchange Market Committee, recommended that swaps referencing SGD SOR be transitioned to the Singapore Overnight Rate Average (SORA), a transaction-based overnight interest rate benchmark.

  • The remaining SGD SOR shall complete its IBOR reform transition in the financial year ending 31 March 2023.

  • From, and including, the First Call Date to, butexcluding, the Maturity Date, Fixed Rate per annum equal to the aggregate of the then-prevailing 5-year SGD SOR + 2.147 per cent.

  • Platinum TariffGold, Silver and Bronze TariffsUSD 150,000USD 100,000 For the avoidance of doubt, USD LIBOR, SGD SOR and THB THBFIX will contribute to the 2023 Conversion Fee Cap.

  • The Group has variable rate borrowings which references to SGD SOR or USD LIBOR and matures after 30 June 2023.

  • RATES AT 11:00 A.M. LONDON TIME " and the column headed "SGD SOR".

  • For SGD SOR and THB THBFIX, conversion would apply to SwapClear contracts outstanding at close of business on Friday 9th June 2023 and be conducted over that weekend.

  • Q DER I VATI V E FIN A NCI A L IN S TRUMENT S A ND HEDGE ACCOUNTING ( CONTINUED)Impact of IBOR reform on Group’s hedging relationshipThe Group has hedge accounted relationships referencing IBORs, with the most significant interest rate benchmarks to which the Group’s hedging relationships are exposed to are KLIBOR, USD LIBOR, SGD SOR, THBFIX and IDR JIBOR.


More Definitions of SGD SOR

SGD SOR means the swap offer rate in Singapore Dollars for a period of the Designated Maturity, which appears on the page “ABSI” (Association of Banks in Singapore SGD Swap Offer

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