!css

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

 

Informationsportal für Journalisten

 

Pressemitteilungen und Mandatsnachrichten

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.

24 Sep 2018 SGSS führt „D-View“, ein Analysetool für Asset Manager zur Unterstützung des Fondsvertriebs, ein
Mit dieser maßgeschneiderten Berichts- und Analyselösung bietet Société Générale Securities Services (SGSS) Asset...
21 Sep 2018 SGSS erhält Crosswise-Mandat von First Private Investment Management KAg mbH
SGSS in Deutschland ist neuer Service-Partner von First Private Investment Management für Front-, Middle- und Back...
18 Sep 2018 Das Start-up Epsor lanciert ein zu 100 % digitales Mitarbeiteraktienbeteiligungs-Angebot in Partnerschaft mit SGSS
Das Fintech-Unternehmen Epsor, das auf Mitarbeiteraktienbeteiligung spezialisiert ist, kündigt heute die Einführung...
12 Sep 2018 Absa Wealth and Investment Management beauftragt SGSS mit einer integrierten Plattform-Lösung für Wealth International
SGSS freut sich bekannt zu geben, dass das Unternehmen von Absa Wealth and Investment Management („Absa“) damit...
Capital raising
SGSS freut sich bekannt zu geben, dass das Unternehmen von Absa Wealth and Investment Management („Absa“) damit beauftragt wurde, Absa eine vollständig integrierte Lösung für eine Vermögensverwaltungsplattform bereit zu stellen, die auf die globalen Anlagebedürfnisse ihrer Kunden zugeschnitten ist.
de/press/news/absa-wealth-and-investment-management-appoints-sgss-for-its-wealth-international-client-value-proposition/
28 Aug 2018 David Abitbol appointed Head of SGSS
30 Jul 2018 Neuernennungen bei Société Générale Securities Services
SGSS ernennt Mathieu Maurier zum Country Head in Luxemburg und Gildas Le Treut zum Head of Sales and Relationship...
Appointments
SGSS ernennt Mathieu Maurier zum Country Head in Luxemburg und Gildas Le Treut zum Head of Sales and Relationship Management.
de/press/news/appointments-within-sgss/
[+] Weitere anzeigen

Insights

 

Aktuelle Themen aus der Sicht unserer Experten

0