26 Jun '15, 4am

#singapore #property ABS to charge fees for SIBOR, SOR data from Oct 1: ABS Benchmarks

Comment E-mail to friend Bookmark & Share ABS Benchmarks Administration (ABS Co) – a fully owned subsidiary of the Association of Banks in Singapore (ABS) – on Thursday said it will start changing fees for the usage of Singapore Interbank Offered Rate (SIBOR) and Swap Offer Rate (SOR) data for pricing and valuation activities beginning 1 October. In a statement dated 25 June, the firm said it will start charging US$1,500 (S$2,000) per month per subscriber for the SIBOR and SOR data beginning October this year. The fees are going to be implemented in line with global development on benchmark data usage, it said, adding that users who receive real-time SIBOR and SOR data will have to shell out $5 monthly end-user fees. According to the ABS, ABS Co was setup specifically to own and administer the financial benchmarks in Singapore, including the SIBOR and SOR. Ong-Ang Ai Boon,...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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ABS to charge fees for SIBOR, SOR data

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Comment E-mail to friend Bookmark & Share ABS Benchmarks Administration (ABS Co) – a fully owned subsidiary of the Associa...

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