The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Societe Generale Securities Services Commits to Providing Clients with Proposals for Managing Issue-Linked Events in Just 3 Hours

Societe Generale Securities Services (SGSS) has consolidated and developed its System for Management of Issue-Linked Events (SMILE) in order to provide enhanced middle office services to investment banks and issuers worldwide. This totally automated system allows SGSS’ dedicated teams, based in Luxembourg, to provide an issue-linked proposal within a record-breaking 3 hours of a request for proposal.

This reactivity is based on state-of-the-art technology that assures clients, investors and issuers, of complete, top-class quality services. SMILE, which has recently been upgraded, includes a database which contains comprehensive information on the issue of securities and enables the tracking of interest payment dates and maturity dates, and a reporting tool. The main innovation of this platform allows SGSS to increase its Straight Through Processing rate and to improve the quality and reliability of its services alongside reduced operational risk. Thanks to this system, clients receive notice of corporate and other events within a very short time period. SGSS thus manages put and call options, share redemptions, instalment collections, partly paid issues and buybacks.

SGSS provides a full range of middle office services for a broad range of sovereign, supranational or assimilated issuers of international securities and acts as issuing agent, Luxembourg listing agent, principal paying agent and calculation agent on traditional and complex products in a wide range of currencies. Between 2010 and 2011, SGSS has experienced a 50% increase in its issuer activities and continues to win mandates for new issue programmes and stand-alone issues.

A growing number of issuers are seeking to outsource middle office services to a recognised expert with an outstanding track record. SGSS, with over 40 years experience in Luxembourg managing complex debt products, guarantees its clients – major corporations and leading financial institutions – services which correspond to the demands of a quality management of corporate events.

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Derivatives Service Bureau Sets Timeline for Consultation on OTC ISIN and CFI Services in 2022

The Derivatives Service Bureau (DSB) has published the timeline for its 2021 industry consultation on 2022 OTC ISIN and CFI service provision. Core themes focus on providing updates for service enhancements sought last year, as well as risk analysis relating to the DSB’s cybersecurity and cloud resilience. The OTC ISIN and CFI consultation will operate...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...