Local Custody

How can you guarantee the security of your assets while taking into account the operational, regulatory and fiscal context of the local market?

While, in the digital age, many assets are held virtually, asset managers, asset owners, corporates and banks still need on the ground, the physical presence of their securities services provider.

Overview

SGSS’ local custody operates a very extensive proprietary custody network and has a direct link to the two International Central Securities Depositories (ICSDs), Euroclear and Clearstream.

At the same time, SGSS has set up a single European local and global custody platform for its main European processing hubs, delivering innovative, harmonised service levels regardless of where clients open their accounts.

Lastly, SGSS has deployed a single client portal offering the most secure transaction entry and information functions - SG Markets - open to the main European markets as well as emerging and border markets.

Key features and benefits

Gives access to SGSS' extensive local custody network:

  • A single network in Africa for a continental European Bank, with 17 countries covered from five locations

  • Three SGSS servicing units in Central & Eastern Europe

  • An Indian servicing unit as a result of a partnership with State Bank of India

  • Servicing units in major Western European markets (France, Germany, Ireland, Italy, Luxembourg, Switzerland, Spain and the UK) with T2S connectivity and the ability to offer settlement and asset servicing separately

Secures asset safekeeping underpinned by the financial strength of SG as an ‘A’ rated leading European and universal bank

Offers the choice of a consolidated multi-country relationship contracting through a Master Custody services Agreement or contracting directly with the local SGSS entity

Ensures the delivery of a comprehensive, modular service offering a wide range of service organisation options, such as:

  • Cash and forex management

  • Different levels of asset segregation in SGSS and CSD books

  • General Meeting notifications and proxy voting services delivered by SGSS and/or in association with Broadridge

  • Withholding tax management including relief at source and/or tax reclaim management (as applicable according to double-taxation treaties and local regulations)

  • Production of customised reporting – includin, Management Information System (MIS) transaction reporting and Key Performance Indicators (KPIs)

  • Timely and accurate delivery of market news, knowledge and insight via our on-line publications and email communication

Provides a strong understanding of local markets: SGSS leverages the Societe Generale Group’s local support functions and infrastructure to gain access to the market authorities as a “local” bank.

Provides SGSS' organisational model, its global expertise and the solutions of a business involving 4,000 employees.

Enables the management, control and steering of operations through SG Markets, SGSS 24/7 secure transaction and information web portal.

General Conditions of use of our services:

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