Published:
SIBOR, SOR data to be subject to usage fees starting October
Usage fees can be as high as $1,500 per month.
All SIBOR and SOR data will be subject to a usage fee starting October 2015, according to the ABS Benchmarks Administration Co. Pte Ltd (ABS Co).
In addition, subscribers who receive real-time SIBOR and/or SOR data from a market data vendor will be required to pay end user fees. SIBOR and SOR data delayed by 24-hours or more will be available for free to end users.
“There has been increasing work, oversight and investment needed to strengthen the robustness, transparency and efficiency of the Benchmark contribution process in Singapore,” said ABS.
The new fee structure can be viewed in detail here.
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