Consultation Paper on the Evolution of SIBOR

This consultation paper sets out the proposals to strengthen the SGD Singapore Interbank Offered Rates (“SIBOR”) methodology, and seeks feedback on a range of issues.

Click here for the Consultation Paper.

This Consultation has closed.

Click here for the Press Release (4 Dec 2017) on Consultation

Click here for the Press Release (24 July 2018) on ABS-SFEMC Finalises Proposals on the Evolution of SIBOR

Click here for the Response to Feedback Received

Click here for the Press Release (01 July 2019) on ABS Co’s commencement of transitional testing for the enhanced SIBOR

The last day of publication for the 12M SIBOR will be 31 December 2020. This takes into account low market usage and the lack of underlying transactions underpinning this benchmark tenor, as mentioned in the July 2018 “Response to Feedback Received from the Consultation Paper on the Evolution of SIBOR”. For avoidance of doubt, this notice applies only to 12M SIBOR, and not to 1M, 3M and 6M SIBOR.