, Singapore
454 views

OCBC, Standard Chartered complete 30-year SORA OIS trade

The 30-year SORA OIS trade was the first transaction cleared by LCH.

OCBC Bank and Standard Chartered have completed the first longer-tenor overnight indexed swap (OIS) derivatives transaction using the Singapore Overnight Rate Average (SORA) as the interest rate benchmark.

The 30-year SORA OIS trade was also the first such transaction cleared by British clearing house LCH after it extended the central clearing for over-the-counter SORA derivatives from 21-years to 31-years.

This extends the partnership between the two banks on SORA-benchmarked swap transactions. In November 2019, OCBC Bank and Standard Chartered completed Singapore’s first OIS derivatives transaction using SORA as the interest rate benchmark.

READ MORE: OCBC appoints first-ever head of Group Data Office

In February 2020, the two banks also booked the market’s first SGD SORA and USD SOFR Cross-Currency Swaps.

J.P. Morgan served as the clearing broker for the latest trade.

In January 2022, the outstanding stock of SORA derivatives exceeded the outstanding stock of SOR derivatives for the first time.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.