Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Societe Generale creates T2S connectivity
Latest news
Societe Generale creates T2S connectivity
12 June 2014 Paris
Reporter: Tammy Facey

Image: Shutterstock
Societe Generale Securities Services will implement direct connectivity to the TARGET2-Securities (T2S) platform.

The firm will use the T2S platform as of June 2015 for Italian and Swiss security settlements.

This is a “strong signal” that “underlines our commitment to leveraging T2S to enhance our client service model and optimise our operational efficiency”, according to Massimo Cotella, global head of coverage, marketing and liquidity management at Societe Generale Securities Services.

Using the T2S platform, Societe Generale will act as a payment bank to build a record of providing clients with cash to support securities settlements.

T2S is a European-wide settlement and clearing platform. It will operate under a single set of operating rules and business processes to bring down cross-border post-trade activities in Europe.

Cotella added: “This is the just the first step of many down the T2S path that will strengthen Societe Generale’s position as a serious contender on the new playing field and support our one-stop-shop value proposition for access to services across T2S markets.”

Societe Generale aims to employ subsequent connectivity in four waves from June 2015 to February 2017.

The firm has also signed a memorandum of understanding with SWIFT for value-added network services to create T2S connectivity.
← Previous latest article

BNP Paribas makes hire in Nordic region
Next latest article →

Broadridge invests in derivatives tech
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today