SIBOR Transition to SORA – FAQs for Retail Clients with SIBOR-based property loans
Please click here for the Chinese version of the FAQs.
Footnotes :
1 For example, if your existing loan reference is 1-month SIBOR, the Adjustment Spread (spot-spread) is the average difference between 1-month SIBOR and 3-month compounded SORA in the preceding three-month period.
2 https://abs.org.sg/benchmark-rates/publications
3 See SC-STS Response to Consultation Feedback and Final Recommendations for Adjustment Spread for the Conversion of SIBOR Loans to SORA (30 June 2023) at http://abs.org.sg/docs/library/response-to-feedback-on-consultation-on-adjustment-spreads-for-the-conversion-of-legacy-sibor-loans-to-sora.pdf