SGSS mandated by Banque Federale Mutualiste

Societe Generale Securities Services has been mandated by Banque Fédérale Mutualiste to provide it with global custody services.

SGSS will provide fiscal services, notably processes relating to applying reduced rates of tax at source and tax exemptions, tax clawbacks, the management of fiscal documents, regulatory reporting for the tax authorities and tax reports for clients.

SGSS won this mandate as a result of its expertise and efficiency in providing fiscal services in this area and its ability to adapt its services offering to meet the precise demands and objectives of its clients.

Founded in 1986 on the initiative of public sector mutual insurers, Banque Fédérale Mutualiste, currently has 27 mutual insurance members and provides preferential banking services to civil servants (900,000 customers). Guided by its mutualist values (solidarity, responsibility, ethics), BFM carries out the business of banking differently and develops quality products and services that it distributes with the support of the Societe Generale network in order to provide a service of proximity across the entire country.