!css

Societe Generale mandated by Agence France Locale to process derivatives operations

Societe Generale, through its securities services business, Societe Generale Securities Services (SGSS) and its derivatives broker, Newedge, has been mandated by Agence France Locale to process its OTC derivatives operations.

Societe Generale won this mandate following an RFP which was issued for the creation of Agence France Locale, recognising the breadth of the bank’s offer and its overall expertise in managing outsourced back- and middle-office functions for derivatives. The offer retained by Agence France Locale, « Orchestra », which combines the expertise of SGSS and Newedge, comprises a range of services from the securities services business which covers the whole value chain for derivatives, in particular custody, clearing & settlement, middle-office operations and collateral management.

These services are strengthened and complemented by Newedge’s expertise in execution and clearing, thus enabling Societe Generale to provide Agence France Locale with a single and totally integrated third-party market solution.

Against the background of the relationship of confidence built between Societe Generale and Agence France Locale, SGSS has also been retained to provide custody services for the cash portfolio held by Agence France Locale, thus increasing the range of assets under custody and establishing a “cross-asset” service.

Launched in October 2013, Agence France Locale is the union of all types of French local authorities around a single mission: to fund their investments without an intermediary. This pooled access to the financial market offers members simple loans with optimal conditions.

Press contacts:
Stephanie Jonville  +33 (0)1 42 14 38 99 stephanie.jonville@socgen.com
Jolyon Barthorpe   +33 (0)1 42 14 34 55 jolyon.barthorpe@socgen.com

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...
Sep
2016
SGSS appoints new Global Head of Sub-Custody Network Management
Societe Generale Securities Services (SGSS) has appointed Massimiliano Notarianni as Global Head of Sub-Custody Network...
Sep
2016
SGSS mandated by KELER, the Hungarian central securities depository
Societe Generale Securities Services (SGSS) has been mandated by KELER, the Hungarian central securities depository, to...
Sep
2016
Societe Generale present at Sibos 2016
Societe Generale is exhibiting at SIBOS 2016 in Geneva this year, from 26 to 29 September, to showcase its broad range...