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CNA 2020

CNA 2020

Singapore prepares move to new interest rate benchmark
2 Min

By meWATCH Published: 19 Mar 2020 Audio: English

Banks in Singapore aim to start active Singapore Overnight Rate Average (SORA) derivatives trading in the second half of the year, as the city-state prepares a transition to new benchmark interest rates in line with a global trend, industry and regulatory officials said on Thursday (Mar 19). Brandon Tanoto reports.

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