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SGSS expands assets servicing mandate with CNP Assurances

Société Générale Securities Services (SGSS) has been mandated to provide additional assets services to CNP Assurance, the leading personal insurer in France, which has operations in Europe and South America.

Société Générale Securities Services (SGSS) has been mandated to provide additional assets services to CNP Assurance, the leading personal insurer in France, which has operations in Europe and South America.

New services provided by SGSS include the independent valuation of the insurer's portfolio of complex and structured products on interest rates. In particular, these services require the use of advanced mathematics models as well as qualitative and reliable blue-chip market data.

Since August 2007, SGSS has been providing CNP Assurance with valuation services for hybrid and equity structured products. Notably, this new mandate will use a common database with CNP Assurance to share the pay-offs description analysis, the choice of models as well as the methods for the distribution of reporting. It demonstrates SGSS' expertise as a provider of independent valuation services for structured and OTC derivatives products.