SGI Leveraged MSCI Singapore Family: Index Rules Amendment linked to discontinuation of SOR

21

FÉVR.
2022

To be in line with the industry-wide interest rate benchmark transition from Singapore Dollar Swap Offer Rate (SOR) to Singapore Overnight Rate Average (SORA) following the Monetary Authority of Singapore recognizing that SOR would be discontinued together with USD LIBOR at the end of 2021, Société Générale, as the Index Sponsor, will make the following changes in the Index Rules of the SGI Leveraged on MSCI Singapore Index Family (SGIXSP5L/SGIXSP5S/SGIXSP7L/SGIXSP7S):

1)Financing Rate i.e. Rate(t) will be to SORA(t-2) instead of SOR(t).

2)For the +5x and +7x Leveraged Indices (SGIXSP5L /SGIXSP7L), the Financing Spread will be fixed to 0.23%.

3)The SGI Global Methodology incorporated by reference will be updated to latest available version i.e. as of 20 July 2020. The SGI Global Methodology notable includes important events applicable in respect of the relevant Index Components.

 

Such changes will be effective on 7 th March 2022.

 

An updated version of the Index Rules is available upon request to the Index Sponsor.