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A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. [1] As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and 6 month. Like SIBOR, SOR is set by the Association of Banks in Singapore, and is also publicly available. [2]
SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered ...
Bank rate, also known as discount rate in American English, [1] and (familiarly) the base rate in British English, [2] is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as ...
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The official bank rate has existed in various forms since 1694 and has ranged from 0.1% to 17%. [7] The name and meaning (depositing vs lending) of this key interest rate has changed over the years. The current name, Official Bank Rate , was introduced in 2006 [ 7 ] and replaced the previous Repo Rate (repo is short for repurchase agreement ...
In 1980, chief editor Seah Chiang Nee announced the proposed launch of a new English-language broadsheet daily newspaper in 1981. [1] Sin Chew Daily had a 26 percent stake in the newspaper [2] and had planned to construct new buildings at Genting Lane, Singapore, to house both the Singapore Monitor and Chinese newspaper Nanyang Siang Pau. [2]
Shin Min Daily News (Chinese: 新明日报; pinyin: Xīnmíng Rìbào; lit. 'New Ming Pao Daily') is a Singapore Chinese-language afternoon newspaper published by SPH Media . The Newspaper was founded on 18 March 1967, by Singapore businessman Liang Runzhi (梁潤之) and Hong Kong writer Louis Cha as an offshoot of Hong Kong's Ming Pao .