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Home loans in Singapore used to be priced following one of three interest rate benchmarks. These are the Sora, Sor and the Sibor. Soon, Sora will be the sole interest rate benchmark used in Singapore, and since 2021, lenders have already begun phasing out Sor and Sibor home loans, leaving Sora loans in their wake. This means that if you’re...
From expressways to schools and everyday abbreviations, Singapore is known for its plethora of acronyms. So it’s probably no surprise that the real estate arena is full of it too - and unless you’re in the industry or familiar with the ins and outs of it, it can be a little too much to absorb and decipher all at once....
On August 12, the Commodity Futures Trading Commission (“CFTC”) issued a final rule amending its Regulation 50.4(a) clearing requirements for swaps. The latest in a...
<p><span>I respectfully concur with the final rule updating the CFTC’s interest rate swap clearing requirement regulations. Pursuant to the Commodity Exchange Act (CEA) and the Commission’s regulations, subject to Commission determination, certain interest rate swaps are required to be submitted for clearing to a derivatives clearing organization (DCO) registered under the CEA or a DCO exempted from registration under the CEA.</span><span> The final rule updates this set of interest rate swaps required to be cleared in light of th...
The US Federal Reserve has been hiking up the interest rates for over a month and some of the effects have been felt throughout the world. Those who invest in the US market would have noticed a drop in prices for both company stocks and index funds. As many would have seen or heard, the interest rate hike’s primary motivator...