ABS Co. - RATE SETTING BENCHMARKS

ABS Benchmarks Administration Co Pte Ltd (ABS Co.) was setup in June 2013 specifically to own and administer the ABS Benchmarks in Singapore - the Singapore Interbank Offered Rate (SIBOR), the Swap Offer Rate (SOR), the SGD Spot FX and the THB Spot FX. It is a fully owned subsidiary of the Association of Banks in Singapore.

Thomson Reuters is the official Calculating Agent of the ABS Co SIBOR and SWAP Offer Rates.

Definitions

SIBOR stands for Singapore Interbank Offered Rates. An individual Contributor Bank contributes the rate at which it could borrow funds, were it to do so by asking for and accepting the interbank offers in reasonable market size, just prior to 11:00 a.m. Singapore time.

SOR is defined as the synthetic rate for deposits in SGD, which represents the effective cost of borrowing the SGD synthetically by borrowing USD for the same maturity, and swap out the USD in return for the SGD.

Calculation Methodology

IOSCO Statement of Compliance

SIBOR Panel Banks

Published SIBOR & SOR

From 1 October 2015, the rates will be published on the ABS website seven days after. Click here to view the rates.

Real-time SIBOR and SOR data to be Fee-liable from 1 October 2015

From 1 October 2015, SIBOR and SOR data will be subjected to usage fees, in line with global development on benchmark data usage. In addition, subscribers who receive real-time SIBOR and/or SOR data from a market data vendor will be required to pay end user fees. Data delayed by 24-hours or more will be available for free to end users.


Please contact ABS Co at absCo@abs.org.sg or +65 6224-4300 for more information