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SIBOR stands for Singapore Interbank Offered Rate 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 Rate ).

Using SIBOR is more common in the Asian region and set by the Association of Banks in Singapore ( ABS ).