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What is Understanding SORA: Singapore about?

SORA, or Singapore Overnight Rate Average, is a benchmark interest rate that reflects the volume-weighted average rate of unsecured overnight borrowing transactions in the SGD interbank market, administered by the Monetary Authority of Singapore. It is being adopted as a more robust alternative to SIBOR and SOR, which are being phased out due to concerns about manipulation and volatility. SORA is used in various financial products, including loans and derivatives, and offers greater transparency and stabili

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saharshp1122

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EN