Daniel Koh, global head of treasury markets, StanChart, said:"This marks a key first step in our efforts in Singapore to develop a vibrant and active interest rate derivatives market based on SORA. We will continue to work with the industry to develop best practices and market conventions to encourage the adoption of SORA-based products.”
"The financial industry needs to come together to build a liquid market to allow for an easier transition to SORA.”
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