!css

SGSS to adopt SWIFT’s Value Added Network for connecting to T2S

Societe Generale Securities Services (SGSS) is announcing its intention to sign a Memorandum of Understanding to adopt SWIFT’s Value Added Network (VAN) solution for connecting to TARGET2-S (T2S).

The objective of T2S is to facilitate post-trading integration by offering core, neutral, harmonised and commoditised delivery-versus-payment settlement in central bank money in substantially all securities in Europe. In preparation for the future T2S post-trading platform, which is due to go live in June 2015, SGSS selected the VAN solution in order to benefit both from SGSS and SWIFT’s common involvement in the T2S project from the start as well as its long-standing relationship with SWIFT, in particular the ISO 20022 format-related working groups. It was decided to adopt SWIFT’s technology in order to reinforce SGSS’ strategic goal of using a fully T2S compliant network solution for the secure exchange of business information in ISO 20022 format, capable of supporting future growth while ensuring minimal integration risk.

T2S represents a ground-breaking initiative for the industry that will reshape competition for the delivery of securities services across Europe. Adopting SWIFT’s VAN solution fully supports SGSS’ strategic aim to provide a strong regional settlement offer that will take full advantage of opportunities presented by the T2S project and provide direct benefits for its clients. These include DCP connectivity, improved market response times for settlement and optimised liquidity management through options such as pooling cash for securities accounts held at multiple CSDs and auto-collateralisation to improve intra-day liquidity management for high-volume clients.

This agreement also represents an important step in reinforcing SGSS' service offer. On the one hand SGSS will be able to provide clients with a global offer with direct access to T2S for settlement and local custody for each European market where securities are issued. On the other, SGSS will offer its custody support on a local or global level for clients wanting to manage on their own direct access to T2S for settlement.

SGSS will also be able to provide a customised offer incorporating local and global custody with direct access to T2S for settlement, in addition to added-value asset servicing expertise.

The combined expertise of the SGSS and SWIFT teams will ensure a seamless transition for clients to the future T2S platform, taking full advantage of SWIFT and SGSS’ facilities and capacity to handle volume peaks and guarantee business continuity.

Societe Generale Securities Services (SGSS) is announcing its intention to sign a Memorandum of Understanding to adopt SWIFT’s Value Added Network (VAN) solution for connecting to TARGET2-S (T2S).

The objective of T2S is to facilitate post-trading integration by offering core, neutral, harmonised and commoditised delivery-versus-payment settlement in central bank money in substantially all securities in Europe. In preparation for the future T2S post-trading platform, which is due to go live in June 2015, SGSS selected the VAN solution in order to benefit both from SGSS and SWIFT’s common involvement in the T2S project from the start as well as its long-standing relationship with SWIFT, in particular the ISO 20022 format-related working groups. It was decided to adopt SWIFT’s technology in order to reinforce SGSS’ strategic goal of using a fully T2S compliant network solution for the secure exchange of business information in ISO 20022 format, capable of supporting future growth while ensuring minimal integration risk.

T2S represents a ground-breaking initiative for the industry that will reshape competition for the delivery of securities services across Europe. Adopting SWIFT’s VAN solution fully supports SGSS’ strategic aim to provide a strong regional settlement offer that will take full advantage of opportunities presented by the T2S project and provide direct benefits for its clients. These include DCP connectivity, improved market response times for settlement and optimised liquidity management through options such as pooling cash for securities accounts held at multiple CSDs and auto-collateralisation to improve intra-day liquidity management for high-volume clients.

This agreement also represents an important step in reinforcing SGSS' service offer. On the one hand SGSS will be able to provide clients with a global offer with direct access to T2S for settlement and local custody for each European market where securities are issued. On the other, SGSS will offer its custody support on a local or global level for clients wanting to manage on their own direct access to T2S for settlement.

SGSS will also be able to provide a customised offer incorporating local and global custody with direct access to T2S for settlement, in addition to added-value asset servicing expertise.

The combined expertise of the SGSS and SWIFT teams will ensure a seamless transition for clients to the future T2S platform, taking full advantage of SWIFT and SGSS’ facilities and capacity to handle volume peaks and guarantee business continuity.

Feb
2017
Quarterly Financial Information
2016: HEALTHY GROWTH IN GROUP NET INCOME
Results
2016: HEALTHY GROWTH IN GROUP NET INCOME
en/newsroom/news/news/news/quarterly-financial-information-2/
Jan
2017
SGSS in Italy launches Synapse, a new service to support fund distribution
Societe Generale Securities Services in Italy (SGSS S.p.A.) launches SYNAPSE, a new service to support fund distribution...
Jan
2017
SGSS strengthens its Coverage, Marketing and Solutions team
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering...
Appointments
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering for institutional investors, asset managers, financial intermediaries and corporates.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-marketing-and-solutions-team/
Dec
2016
Altana Wealth Limited selects SGSS in Ireland for its UCITS fund structure
Altana Wealth Limited in the United Kingdom has appointed Societe Generale Securities Services (SGSS) in Ireland to...
Nov
2016
Vatel Capital appoints SGSS to provide custody, depositary bank and valuation services
Introduced by the Finance Law in 2007, FIP Corse is a local investment fund of which 70% of its assets are invested in...
SGSS
Introduced by the Finance Law in 2007, FIP Corse is a local investment fund of which 70% of its assets are invested in small and medium-size enterprises on the French island of Corsica. The purpose of FIP Kallisté Capital n°9 is to invest in Corsican SMEs whose main activities are in the tourism, renewable energy, health and dependency, agro-food or business...
en/newsroom/news/news/news/vatel-capital-retient-sgss-pour-fournir-des-services-conservation-banque-depositaire-valorisation/
Nov
2016
SFIL appoints SGSS for global custody services
SFIL, the leading French local public sector and export financing agency, and CAFFIL, a French specialized credit...
SGSS
SFIL, the leading French local public sector and export financing agency, and CAFFIL, a French specialized credit institution (société de crédit foncier), have mandated Societe Generale Securities Services (SGSS) to provide global custody services for their public sector assets in Europe. This extends an existing mandate for valuation services with SFIL in...
en/newsroom/news/news/news/sfil-appoints-sgss-for-global-custody-services/
Nov
2016
Eurotunnel retains SGSS for its issuer services
Eurotunnel has appointed Societe Generale Securities Services (SGSS) to provide shareholder services which include share...
SGSS
Eurotunnel has appointed Societe Generale Securities Services (SGSS) to provide shareholder services which include share registry services, centralised financial services and shareholder meeting services for its 27,000 registered shareholders in France and the United Kingdom.
en/newsroom/news/news/news/eurotunnel-retains-sgss-for-its-issuer-services/
Nov
2016
Quarterly Financial Information
Q3 16: Sound Commercial And Financial Performance
Oct
2016
Societe Generale Securities Services strengthens its teams in India and Poland
Societe Generale Securities Services (SGSS) announces the following appointments: David Jaegly has been appointed...