三个月SIBOR连续两天大涨
胡渊文 2016年01月13日 1626
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（联合早报网讯）由于人民币贬值拖累新元汇率，本地的基准利率三个月新元银行同业拆息率（SIBOR）连续两天大涨，攀升到2008年11月以来的最高水平。
三个月SIBOR继前日冲破1.20％的大关后，今天攀升3个基点，达到1.249％。
另一个基准利率三个月新元掉期利率（SOR）星期二晚大涨9个基点至1.72498％，突破1.7％的水平，也是七年多来的最高水平。
- See more at: http://www.zaobao.com.sg/realtime/singapore/story20160113-570485#sthash.ae5z3UW0.dpuf
- wong chee tat :)
Showing posts with label SIBOR. Show all posts
Showing posts with label SIBOR. Show all posts
Wednesday, January 13, 2016
3-month Sibor crosses 1.25% mark
3-month Sibor crosses 1.25% mark
The three-month Singapore Interbank Offered Rate was fixed at 1.252 per cent on Wednesday, up from 1.249 per cent on Tuesday.
Posted 13 Jan 2016 20:50
SINGAPORE: A key benchmark interest rate used to price home loans rose again on Wednesday (Jan 13), crossing the 1.25 per cent mark to reach a level last seen about seven years ago.
According to data from the Association of Banks in Singapore, the three-month Singapore Interbank Offered Rate (Sibor) was fixed at 1.252 per cent on Wednesday, up from 1.249 per cent on Tuesday.
The three-month Sibor stood at 1.185 per cent at the end of 2015, having risen by around half a percentage point over the course of the year.
Interest rates in Singapore have risen over the past week and a half amid increasing concerns about China. The turmoil in financial markets has also hit the Singapore dollar, which traded around 1.4338 to the US dollar late Wednesday in Asia compared with 1.4122 at the start of 2016.
- CNA/ek
- wong chee tat :)
The three-month Singapore Interbank Offered Rate was fixed at 1.252 per cent on Wednesday, up from 1.249 per cent on Tuesday.
Posted 13 Jan 2016 20:50
SINGAPORE: A key benchmark interest rate used to price home loans rose again on Wednesday (Jan 13), crossing the 1.25 per cent mark to reach a level last seen about seven years ago.
According to data from the Association of Banks in Singapore, the three-month Singapore Interbank Offered Rate (Sibor) was fixed at 1.252 per cent on Wednesday, up from 1.249 per cent on Tuesday.
The three-month Sibor stood at 1.185 per cent at the end of 2015, having risen by around half a percentage point over the course of the year.
Interest rates in Singapore have risen over the past week and a half amid increasing concerns about China. The turmoil in financial markets has also hit the Singapore dollar, which traded around 1.4338 to the US dollar late Wednesday in Asia compared with 1.4122 at the start of 2016.
- CNA/ek
- wong chee tat :)
Monday, September 28, 2015
Three-month Sibor reaches 7-year high
Three-month Sibor reaches 7-year high
The key mortgage benchmark rose to 1.13100 per cent, the highest level since 2008.
POSTED: 14 Sep 2015 12:31 UPDATED: 14 Sep 2015 13:16
SINGAPORE: Singapore’s key mortgage benchmark jumped to a seven-year high on Monday (Sep 14), ahead of a Federal Reserve meeting later this week that could mark the start of US interest rate hikes.
The three-month Singapore Interbank Offered Rate (Sibor) rose to 1.13100 per cent, up from 1.07483 per cent on Thursday, according to latest data from the Association of Banks in Singapore. Monday’s level was the highest since 2008.
Many variable mortgage plans have interest rates linked to Sibor. For instance, Oversea-Chinese Banking Corporation currently offers home loans at three-month Sibor plus 0.9 percentage points for the first three years. Rising interest rates could put further pressure on residential property investors who are already grappling with falling rents and lower resale values.
A small majority of forecasters are predicting the US Fed will raise interest rates for the first time in nearly a decade when it meets on Wednesday and Thursday this week, according to a Reuters survey.
- CNA/xq
- wong chee tat :)
The key mortgage benchmark rose to 1.13100 per cent, the highest level since 2008.
POSTED: 14 Sep 2015 12:31 UPDATED: 14 Sep 2015 13:16
SINGAPORE: Singapore’s key mortgage benchmark jumped to a seven-year high on Monday (Sep 14), ahead of a Federal Reserve meeting later this week that could mark the start of US interest rate hikes.
The three-month Singapore Interbank Offered Rate (Sibor) rose to 1.13100 per cent, up from 1.07483 per cent on Thursday, according to latest data from the Association of Banks in Singapore. Monday’s level was the highest since 2008.
Many variable mortgage plans have interest rates linked to Sibor. For instance, Oversea-Chinese Banking Corporation currently offers home loans at three-month Sibor plus 0.9 percentage points for the first three years. Rising interest rates could put further pressure on residential property investors who are already grappling with falling rents and lower resale values.
A small majority of forecasters are predicting the US Fed will raise interest rates for the first time in nearly a decade when it meets on Wednesday and Thursday this week, according to a Reuters survey.
- CNA/xq
- wong chee tat :)
Sunday, March 29, 2015
SIBOR rises above 1% in sign that mortgages could rise further
SIBOR rises above 1% in sign that mortgages could rise further
POSTED: 24 Mar 2015 13:21
The three-month Singapore interbank offered rate (SIBOR) at 1.00129 per cent on Tuesday (March 24) is the first time it rose above the 1 per cent mark in more than six years.
SINGAPORE: A key benchmark lending rate rose above the 1 per cent level for the first time in more than six years, indicating that mortgage rates will increase further in coming weeks.
The three-month Singapore interbank offered rate (SIBOR) was fixed at 1.00129 per cent on Tuesday (March 24), according to Association of Banks in Singapore (ABS) data posted on Bloomberg, up 0.9 per cent from Monday's fixing of 0.99216 per cent. The rate has been climbing steadily since end-December when it stood at around 0.45 per cent.
Many home loans in Singapore are pegged to SIBOR. For instance, Oversea-Chinese Banking Corp (OCBC) has a home loan package that charges an interest rate 0.85 percentage point above three-month SIBOR. If SIBOR rises, the interest rate will also increase. OCBC will review the rate every three months based on movements in SIBOR.
Singapore interest rates have been on the rise, in line with expectations that the US Federal Reserve will increase interest rates this year.
The weakening of the Singapore dollar against its US counterpart has also pushed rates higher since investors need more incentive to hold onto the local currency. The Singapore dollar is currently trading at around S$1.37 to the greenback, from around S$1.32 at the end of last year.
- CNA/kk
- wong chee tat :)
POSTED: 24 Mar 2015 13:21
The three-month Singapore interbank offered rate (SIBOR) at 1.00129 per cent on Tuesday (March 24) is the first time it rose above the 1 per cent mark in more than six years.
SINGAPORE: A key benchmark lending rate rose above the 1 per cent level for the first time in more than six years, indicating that mortgage rates will increase further in coming weeks.
The three-month Singapore interbank offered rate (SIBOR) was fixed at 1.00129 per cent on Tuesday (March 24), according to Association of Banks in Singapore (ABS) data posted on Bloomberg, up 0.9 per cent from Monday's fixing of 0.99216 per cent. The rate has been climbing steadily since end-December when it stood at around 0.45 per cent.
Many home loans in Singapore are pegged to SIBOR. For instance, Oversea-Chinese Banking Corp (OCBC) has a home loan package that charges an interest rate 0.85 percentage point above three-month SIBOR. If SIBOR rises, the interest rate will also increase. OCBC will review the rate every three months based on movements in SIBOR.
Singapore interest rates have been on the rise, in line with expectations that the US Federal Reserve will increase interest rates this year.
The weakening of the Singapore dollar against its US counterpart has also pushed rates higher since investors need more incentive to hold onto the local currency. The Singapore dollar is currently trading at around S$1.37 to the greenback, from around S$1.32 at the end of last year.
- CNA/kk
- wong chee tat :)
Friday, June 14, 2013
Singapore Censures 20 Banks for Bids to Rig Benchmark Rates
Singapore Censures 20 Banks for Bids to Rig Benchmark Rates
By Andrea Tan & Sanat Vallikappen - Jun 14, 2013 7:41 PM GMT+0800
Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as much as S$12 billion ($9.6 billion) at zero interest pending steps to improve internal controls.
ING Groep NV (INGA), Royal Bank of Scotland Group Plc (RBS) and UBS AG (UBSN) were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate, swap offered rates and currency benchmarks in the city-state, the Monetary Authority of Singapore said in a statement today. The regulator said it will also make rigging key rates a criminal offense and bring supervision under its direct oversight.
Enlarge image Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates
ING Groep NV, Royal Bank of Scotland Group Plc and UBS AG were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate, swap offered rates and currency benchmarks in the city-state, the Monetary Authority of Singapore said in a statement. Photographer: Munshi Ahmed/Bloomberg
The crackdown in Singapore comes amid a widening global review of benchmark rates following revelations this week of potential manipulation in the $4.7 trillion-a-day currency market. Barclays Plc, UBS and RBS have paid $2.5 billion over the past year to settle claims with U.S. and U.K financial regulators on rigging Libor.
“Regulators around the world are taking this opportunity to identify where they may be weaknesses in mechanisms banks have in place,” David Marshall, a Singapore-based analyst at CreditSights Inc., said by telephone today. “They’ve been keen to put in place a clearer and stricter regulatory environment in which to operate.”
Disciplinary Action
Nineteen firms were asked to post reserves ranging from S$100 million to S$1.2 billion -- depending on the severity of the attempts by their traders to manipulate rates -- for a year and will earn zero interest on that money, MAS said. Commerzbank AG was exempted from setting aside any money.
The banks have taken disciplinary action against the 133 traders found to have tried to rig the rates, with about three-quarters of them having resigned or been asked to leave their firms, MAS said. The traders who are still employed will be subject to disciplinary action, the regulator said.
“While there was no conclusive finding the SIBOR, SOR and FX benchmarks were successfully manipulated, the traders’ conduct reflected a lack of professional ethics,” according to the statement from the central bank.
Sibor, used to price debt ranging from commercial term-loans to homeowners’ mortgages, is calculated daily on behalf of the Association of Banks in Singapore. For the local currency rate, a poll is conducted of the 11 contributing banks to ask how much it would cost to borrow Singapore dollars from each other for different periods from one month to 12 months. Some of the highest and lowest quotes are excluded, and the remaining are averaged and published at 11:30 a.m. in Singapore.
Banks Involved
ING “fully cooperated” with the review in Singapore and has taken disciplinary actions against the “small number of individuals involved,” the Amsterdam-based bank said in an e-mailed statement today. The firm will also take steps to improve procedures for submitting rates, monitor the processes and train staff, it said.
Bank of America Corp. (BAC), BNP Paribas SA, Oversea-Chinese Banking Corp., Barclays, Credit Agricole, Credit Suisse AG, DBS Group Holdings Ltd., Deutsche Bank AG, Standard Chartered Plc, United Overseas Bank Ltd. (UOB), Australia & New Zealand Banking Group Ltd. (ANZ), Citigroup Inc., JPMorgan Chase & Co., Macquarie Group Ltd., HSBC Holdings Plc and Mitsubishi UFJ Financial Group Inc.’s Bank of Tokyo-Mitsubishi UFJ unit were among the banks named by MAS in the statement today.
“The punishment meted out will provide a clear signal that manipulation and other forms of financial shenanigans, riggings and violations of the law will not be tolerated in a well-respected global financial center,” Joseph Cherian, director of the Centre of Asset Management Research & Investments at the National University of Singapore’s Business School, said by telephone today.
To contact the reporters on this story: Andrea Tan in Singapore at atan17@bloomberg.net; Sanat Vallikappen in Singapore at vallikappen@bloomberg.net
To contact the editors responsible for this story: Douglas Wong at dwong19@bloomberg.net; Chitra Somayaji at csomayaji@bloomberg.net
- wong chee tat :)
By Andrea Tan & Sanat Vallikappen - Jun 14, 2013 7:41 PM GMT+0800
Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as much as S$12 billion ($9.6 billion) at zero interest pending steps to improve internal controls.
ING Groep NV (INGA), Royal Bank of Scotland Group Plc (RBS) and UBS AG (UBSN) were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate, swap offered rates and currency benchmarks in the city-state, the Monetary Authority of Singapore said in a statement today. The regulator said it will also make rigging key rates a criminal offense and bring supervision under its direct oversight.
Enlarge image Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates
ING Groep NV, Royal Bank of Scotland Group Plc and UBS AG were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate, swap offered rates and currency benchmarks in the city-state, the Monetary Authority of Singapore said in a statement. Photographer: Munshi Ahmed/Bloomberg
The crackdown in Singapore comes amid a widening global review of benchmark rates following revelations this week of potential manipulation in the $4.7 trillion-a-day currency market. Barclays Plc, UBS and RBS have paid $2.5 billion over the past year to settle claims with U.S. and U.K financial regulators on rigging Libor.
“Regulators around the world are taking this opportunity to identify where they may be weaknesses in mechanisms banks have in place,” David Marshall, a Singapore-based analyst at CreditSights Inc., said by telephone today. “They’ve been keen to put in place a clearer and stricter regulatory environment in which to operate.”
Disciplinary Action
Nineteen firms were asked to post reserves ranging from S$100 million to S$1.2 billion -- depending on the severity of the attempts by their traders to manipulate rates -- for a year and will earn zero interest on that money, MAS said. Commerzbank AG was exempted from setting aside any money.
The banks have taken disciplinary action against the 133 traders found to have tried to rig the rates, with about three-quarters of them having resigned or been asked to leave their firms, MAS said. The traders who are still employed will be subject to disciplinary action, the regulator said.
“While there was no conclusive finding the SIBOR, SOR and FX benchmarks were successfully manipulated, the traders’ conduct reflected a lack of professional ethics,” according to the statement from the central bank.
Sibor, used to price debt ranging from commercial term-loans to homeowners’ mortgages, is calculated daily on behalf of the Association of Banks in Singapore. For the local currency rate, a poll is conducted of the 11 contributing banks to ask how much it would cost to borrow Singapore dollars from each other for different periods from one month to 12 months. Some of the highest and lowest quotes are excluded, and the remaining are averaged and published at 11:30 a.m. in Singapore.
Banks Involved
ING “fully cooperated” with the review in Singapore and has taken disciplinary actions against the “small number of individuals involved,” the Amsterdam-based bank said in an e-mailed statement today. The firm will also take steps to improve procedures for submitting rates, monitor the processes and train staff, it said.
Bank of America Corp. (BAC), BNP Paribas SA, Oversea-Chinese Banking Corp., Barclays, Credit Agricole, Credit Suisse AG, DBS Group Holdings Ltd., Deutsche Bank AG, Standard Chartered Plc, United Overseas Bank Ltd. (UOB), Australia & New Zealand Banking Group Ltd. (ANZ), Citigroup Inc., JPMorgan Chase & Co., Macquarie Group Ltd., HSBC Holdings Plc and Mitsubishi UFJ Financial Group Inc.’s Bank of Tokyo-Mitsubishi UFJ unit were among the banks named by MAS in the statement today.
“The punishment meted out will provide a clear signal that manipulation and other forms of financial shenanigans, riggings and violations of the law will not be tolerated in a well-respected global financial center,” Joseph Cherian, director of the Centre of Asset Management Research & Investments at the National University of Singapore’s Business School, said by telephone today.
To contact the reporters on this story: Andrea Tan in Singapore at atan17@bloomberg.net; Sanat Vallikappen in Singapore at vallikappen@bloomberg.net
To contact the editors responsible for this story: Douglas Wong at dwong19@bloomberg.net; Chitra Somayaji at csomayaji@bloomberg.net
- wong chee tat :)
Wednesday, February 20, 2013
MAS reportedly in discussions to discontinue SIBOR
MAS reportedly in discussions to discontinue SIBOR
Posted: 18 February 2013 2246 hrs
SINGAPORE: Reports say Singapore's central bank is in discussions to discontinue the Singapore Interbank Offered Rate (SIBOR).
The Monetary Authority of Singapore (MAS) launched a review of the SIBOR last July after abuses related to the London Interbank Offered Rate (LIBOR) surfaced.
A few months later, it broadened investigations to include some exchange rates set in the city.
Analysts say getting rid of SIBOR would force banks in Singapore to renegotiate outstanding loans, which could potentially hit earnings.
SIBOR is used as a basis for the pricing of all loans in Singapore, ranging from business loans to mortgages.
- CNA/jc
- wong chee tat :)
Posted: 18 February 2013 2246 hrs
SINGAPORE: Reports say Singapore's central bank is in discussions to discontinue the Singapore Interbank Offered Rate (SIBOR).
The Monetary Authority of Singapore (MAS) launched a review of the SIBOR last July after abuses related to the London Interbank Offered Rate (LIBOR) surfaced.
A few months later, it broadened investigations to include some exchange rates set in the city.
Analysts say getting rid of SIBOR would force banks in Singapore to renegotiate outstanding loans, which could potentially hit earnings.
SIBOR is used as a basis for the pricing of all loans in Singapore, ranging from business loans to mortgages.
- CNA/jc
- wong chee tat :)
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