Societe Generale

Banque de France, blockchain, CBDC, Societe Generale, tokenization

SFH, Societe Generale’s covered bond vehicle, issued €40 million of covered bonds as security tokens directly registered on a public blockchain. Rated Aaa by Moody’s and AAA by Fitch, these…

Equity derivatives: why scrip and rights trades have taken a hit in the crisis (Premium)

May 4, 2020

Securities Lending

equity derivatives, Securities Lending, Societe Generale, topstory

Any trade linked to a payment from a dividend is going to have a problem if dividends are suspended or excess volatility damages the predicted future value of a derivatives…

Bloomberg: SocGen marketing quant equity repo index strategy

April 23, 2020

Repo, Societe Generale

SocGen is touting a rules-based strategy that mimics repo trades used by hedge funds, which have long arbitraged the difference charged between short- and long-term borrowing against assets. The idea…

Agency Repo: A New Outsourced Option for Europe

April 2, 2020

Christian Regis

Europe, Repo

Europe, Repo, Societe Generale, topstory

Outsourcing key trading and financing functions has taken on a new importance in an era of regulatory change and cost pressures. Repo has withstood change but that is now beginning…

Credit Suisse, Instinent settle first US securities trade using Paxos blockchain, SocGen next

February 22, 2020

blockchain, Credit Suisse, Instinet, Paxos, settlement, Societe Generale

Paxos, a New York-regulated financial institution that digitizes and mobilizes assets, announced it launched a service that can now settle select US-listed equity trades between broker-dealers Credit Suisse and Instinet.…

European banks use Wematch for first EUREX/LCH Basis swap trade

February 18, 2020

electronification, LBBW, Societe Generale, Swaps, Wematch

Wematch has hosted a EUREX/LCH Basis swap trade on its electronic trading platform, carried out between Societe Generale and Landesbank Baden-Württemberg (LBBW) and negotiated on a purely electronic basis, making…

Citi, J.P. Morgan and SocGen join UCITS ETF platform

October 3, 2019

Barclays, Citi, ETFs, hanETF, J.P. Morgan, Societe Generale, UCITS

HANetf, Europe’s first independent ‘white label’ UCITS ETF platform has confirmed a further tranche of Authorised Participants (APs) for its range of on-platform funds: Citigroup Global Markets, JP Morgan Securities…

MAS’ Menon details use cases of advanced tech and ASEAN network developments

May 15, 2019

APIs, ASEAN, AXA, BBVA, Blackrock, BNP Paribas, fintech, J.P. Morgan, machine learning, MAS, Mitsubishi UFJ, OCBC, Ping An, Quantum Computing, Singapore, Societe Generale

Excerpts from speech by Ravi Menon, managing director of the Monetary Authority of Singapore, at the Bank of France Lecture, Paris, 14 May 2019. Banks are using technology to resolve…

SocGen’s covered bond unit does first issue on Ethereum

April 25, 2019

blockchain, covered bonds, DLT, Ethereum, Societe Generale

Societe Generale SFH, the covered bond vehicle of Societe Generale, issued a €100 million covered bond as a security token on the public blockchain, Ethereum. OFH Tokens have been rated…

DTCC’s margin transit utility signs up six swaps dealers

March 25, 2019

News and Notes, News and Notes – Fintech

DTCC-Euroclear GlobalCollateral, Margin Transit Utility, Societe Generale, Vanguard

DTCC announced that six dealers have signed up for the firm’s Margin Transit Utility (MTU) collateral settlement infrastructure. The six dealers are Goldman Sachs, J.P. Morgan, Morgan Stanley, Societe Generale,…

Insurers, asset managers, banks among firms completing CordaKYC trial

December 4, 2018

blockchain, BNP Paribas, Corda, insurance companies, Natixis, R3, Societe Generale

Enterprise blockchain software firm, R3, announced that over a dozen French corporates have completed a trial of the CordaKYC application built on the Corda blockchain platform and hosted on Microsoft…

SocGen CIB launches fintech incubator for global markets

October 4, 2018

News and Notes, News and Notes – Fintech

fintech, Societe Generale

With this launch, Societe Generale Corporate & Investment Banking (SG CIB) adopts a pioneering approach in incubation for start-ups specialising in market activities, while strengthening its support to the Fintech…

Societe Generale to acquire Commerzbank Equity Markets and Commodities activities

July 5, 2018

Commerzbank, Societe Generale

Societe Generale is announcing that it has reached an agreement to acquire Commerzbank’s Equity Markets and Commodities business (EMC), a leading European manufacturer, distributor and market maker of structured and…

The ‘wriggle parameter’ in derivatives: futures pricing formula takes on new importance

February 26, 2018

Vincent Maury

Derivatives, Repo

dealers, derivatives, forwards, Repo, Societe Generale, wriggle factor

Aside from specialist trading desks, the wriggle parameter is little-known in financial markets. Yet, this part of a derivatives formula now plays a critical role in understanding pricing dynamics at…

Broadridge completes pilot of blockchain-based bilateral repo solution

October 17, 2017

News and Notes, News and Notes – Fintech

bilateral repo, blockchain, Broadridge, Natixis, Societe Generale

Broadridge announced the successful completion of a pilot with Natixis and Societe Generale that leverages blockchain technology to enhance the operational efficiency and auditability of bilateral repurchase, or repo, agreements.…

Cost optimisation challenges for asset managers in 2017

September 21, 2017

mstan

ETFs, Europe, Investments, Regulatory, UK

asset managers, ETFs, James Treseler, MiFID II, Societe Generale, topstory

Asset management may be considered a profitable business but the trend has recently been moving in the opposite direction. A new raft of challenges, ranging from MiFID II to the…

Next Steps for Hedge Funds in Cost Management

May 22, 2017

mstan

Basel III, Derivatives, Hedge Funds, Investments, Repo, Securities Lending

hedge funds, Prime Brokerage, Societe Generale, topstory

These are legitimately complex times for hedge funds. Between macropolitical turmoil, negotiating fees and managing their daily activities, hedge fund managers must pay attention to a wide range of factors…

Lombard Risk extends its global strategic partnership with Societe Generale

March 1, 2017

Lombard Risk, Societe Generale

Lombard Risk Management plc (LSE: LRM), a leading provider of collateral management and regulatory reporting solutions, announces that it has extended its global strategic partnership with Societe Generale, one of the…

SGSS mandated by Hungary’s central securities depository for T2S payment bank services

September 27, 2016

Keler, Societe Generale

Societe Generale Securities Services (SGSS) has been mandated by KELER, the Hungarian central securities depository, to facilitate connection to the Target-2-Securities (T2S) platform providing access to liquidity management and collateral…

SocGen: European Commission’s View on the Role of Financial Market Infrastructures

September 15, 2016

Europe, Financial Market Infrastructure, Societe Generale

By Eric de Gay de Nexon, Head of Strategy Market Infrastructures for SGSS “There is an open question regarding the commitment of the European Commission to market integration in the…

Webinar replay: Trends in Non-cash Collateral

June 15, 2016

Collateral Management

BNY Mellon, Calypso, collateral, non-cash, Societe Generale, topstory

Click here to view the replay of Trends in Non-cash Collateral, our June 15 2016 webinar, sponsored by BNY Mellon and Calypso Technology.

SGSS: will UCITS and AIF regulation converge?

June 2, 2016

AIF, SGSS, Societe Generale, UCITS

Societe Generale Securities Services posted the results of a roadshow on UCITS and AIF regulation in five European cities. We highlight the section on whether AIF and UCITS regulation will…

The reality of putting transaction-based rates into LIBOR and EURIBOR (Premium)

May 2, 2016

LIBOR, Repo

EURIBOR, ICE Benchmark Administration, LIBOR, Societe Generale, topstory

The world of interbank lending rates is getting a shake-up as markets prepare for a shift to favour transactions over the traditional fix. In the case of LIBOR, it’s meant…

Financing tools for synthetic prime brokerage in derivatives and physical markets

April 18, 2016

Salim Nemouchi

CCP, Delta One, Derivatives, Prime Brokerage

BTIC, CME, Delta One, Prime Brokerage, Societe Generale, synthetic financing, topstory

Delta One and synthetic financing businesses continue to command attention at prime brokerage firms, the result of a complex web of regulations and client needs that direct business to these…

FRTB could spur new wave of IT overhaul (Premium)

March 31, 2016

Basel III, Regulatory, Technology

Basel capital rules, Credit Suisse, FRTB, Fundamental Review of the Trading Book (FRTB), Societe Generale, technology, topstory

Last week, we dived into the FRTB and what it will mean for capital cost increases. But market risk heads and vendors are also getting prepared for what the trading…

GSF Summit: What the shift to collateral driven markets means for repo (Premium)

February 11, 2016

CCP, Collateral Management, Derivatives, Repo

BNP Paribas, Citigroup, Clearstream GSF, Leverage Ratio, Societe Generale, topstory

Cash has almost become a secondary consideration in the shift to a secured world, and that means collateral is grabbing the steering wheel in driving the market forward. Such a…

Prime Brokerage and Balance Sheet Optimisation: Lessons from the Societe Generale Experience

October 19, 2015

mstan

Basel III, Collateral Management, Credit Exposure, Derivatives, Prime Brokerage, Regulatory

Balance sheet, CCPs, hedge funds, Prime Brokerage, Societe Generale, topstory

The industry-wide topic of balance sheet optimisation has hung in the air like a fog for the last three years. We at Societe Generale are now seeing what this means…

Societe Generale launches Tempo for outsourced collateral management

April 22, 2015

collateral management, Societe Generale

Societe Generale has launched “Tempo”, a comprehensive and innovative collateral management outsourcing solution aimed both at buy-side and sell-side market participants, including traditional and alternative asset managers, institutional investors, banks…

SocGen partners Accenture for new global broker-dealer outsourcing program

September 30, 2014

Accenture, Societe Generale

Societe Generale Securities Services (SGSS) announces the launch of a new Global Broker-Dealer Services (BDS) outsourcing solution aimed at institutional brokers, mid-tier banks and broker-dealers. The fully integrated global service…

Diamis’ CRISTAL selected by SGSS for managing liquidity in T2S

September 30, 2014

Diamis, Societe Generale