!css

Societe Generale Securities Services extends T2S direct connectivity commitment

Societe Generale Securities Services (SGSS), a leading custodian in the European market has announced its intention to widen the scope of its implementation of direct connectivity to the Target-2 Securities (T2S) platform.

T2S will provide participating central securities depositories with a single platform to which they may opt to outsource their securities settlement and position-keeping. It will operate under a single set of harmonised operating rules and business processes aimed at bringing down barriers to cross-border post-trade activities in Europe.

When the first wave of T2S is launched in Italy and Switzerland in June 2015, SGSS, which has a long-standing presence in the major markets of the future T2S zone, will already have direct connectivity for the settlement of Italian and Swiss securities. It intends to implement direct connectivity to T2S for all five markets which will join T2S in the second wave, scheduled for the end of March 2016 : Euroclear ESES* Central Securities Depositories – France, Belgium and the Netherlands, Interbolsa (Portugal) and NBB-SSS (Belgium for fixed income) - expanding SGSS Directly Connected Participant (DCP) capabilities to a total of  seven T2S markets.

T2S will also provide real-time gross settlement in central bank money with the national central banks, providing opportunities to reduce liquidity requirements through cash pooling and collateral mobilisation across the zone. SGSS will, in addition, act as Payment Bank in T2S, providing cash to central securities depository participants to support the settlement of securities.  By investing in direct connectivity to multiple markets in T2S, SGSS will harmonise and rationalise its processing model and optimise the management of liquidity that underpins the provision of a wide range of top-tier securities services.

“Providing full market coverage as a DCP during the second wave demonstrates our readiness to accompany our clients in reaching their objectives - whether they are targeting a full custody package or selected unbundled services.” underlines Guillaume Heraud, Global Head of Development for Financial Institutions & Brokers at SGSS. “SGSS is strengthening its one-stop-shop value proposition and taking it to a new level with access to clearing, custody, asset servicing only and liquidity management services across the Euronext zone.”

*Euroclear Settlement of Euronext-zone Securities

feb
2017
Quarterly Financial Information
2016: HEALTHY GROWTH IN GROUP NET INCOME
gen
2017
SGSS in Italia lancia Synapse, un nuovo servizio a supporto della distribuzione fondi
Société Générale Securities Services in Italia (SGSS S.p.A.) lancia SYNAPSE, un nuovo servizio a supporto della...
gen
2017
SGSS rafforza il proprio team Coverage, Marketing & Solutions
SGSS ha nominato Matthew Davey come Managing Director e Head of Business Solutions per rafforzare la propria offerta di...
Appointments
SGSS ha nominato Matthew Davey come Managing Director e Head of Business Solutions per rafforzare la propria offerta di servizi dedicata a Investitori Istituzionali, Asset Manager, Intermediari Finanziari ed Imprese.
it/area-stampa-agenda/news/comunicati-stampa/news/sgss-strengthens-its-coverage-marketing-and-solutions-team/
dic
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...
it/area-stampa-agenda/news/comunicati-stampa/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...
it/area-stampa-agenda/news/comunicati-stampa/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.
it/area-stampa-agenda/news/comunicati-stampa/news/eurotunnel-retains-sgss-for-its-issuer-services/
nov
2016
Quarterly Financial Information
Q3 16: Sound Commercial And Financial Performance
ott
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...