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London, United Kingdom, 2014/10/02 - Societe Generale, through its securities services business, Societe Generale Securities Services (SGSS) and its derivatives broker, Newedge, has been mandated by Agence France Locale to process its OTC derivatives operations - SGCIB.com.
Societe Generale won this mandate following an RFP which was issued for the creation of Agence France Locale, recognising the breadth of the bank’s offer and its overall expertise in managing outsourced back- and middle-office functions for derivatives. The offer retained by Agence France Locale, « Orchestra », which combines the expertise of SGSS and Newedge, comprises a range of services from the securities services business which covers the whole value chain for derivatives, in particular custody, clearing & settlement, middle-office operations and collateral management.
These services are strengthened and complemented by Newedge’s expertise in execution and clearing, thus enabling Societe Generale to provide Agence France Locale with a single and totally integrated third-party market solution.
Against the background of the relationship of confidence built between Societe Generale and Agence France Locale, SGSS has also been retained to provide custody services for the cash portfolio held by Agence France Locale, thus increasing the range of assets under custody and establishing a “crossasset” service.
Launched in October 2013, Agence France Locale is the union of all types of French local authorities around a single mission: to fund their investments without an intermediary. This pooled access to the financial market offers members simple loans with optimal conditions.
Newedge, a world-leading derivatives broker, is 100% owned and controlled by Societe Generale.
Able to draw on multi-asset capabilities and an agency model, it plays a pivotal role in the fully-integrated global markets proposition offered to clients that includes research; bespoke investment solutions and hedging; access to more than 85 exchanges; agency execution; an industry-leading clearing proposition (listed and OTC); financing; and award-winning prime brokerage, including cross-margining capabilities. Newedge’s clearing and execution services cover all major asset classes, from interest rates to credit, FX, equities, and commodities.
 “Newedge” refers to Newedge Group (newedge.com) and all of its worldwide branches and subsidiaries. Newedge is lead regulated in France by the ACPR and AMF. Newedge is also regulated in various jurisdictions worldwide.
 Societe Generale Corporate & Investment Banking (SGCIB.com) is a trade name for the corporate and investment banking businesses of Societe Generale. Newedge will be part of the SGCIB division.
This document is for information purposes only, subject to change without notice and is not to be construed as an offer to buy or sell any financial instruments or securities. If this material is generated by or on behalf of Newedge USA, LLC and includes an analysis of the price or market for any derivatives, it should be construed as a solicitation for the purpose of the relevant CFTC Rules.
All information, prices or projections are subject to change without notice. Newedge makes no representation or warranty that the information contained herein is accurate, complete, fair or correct or that any transaction is appropriate for any person and it should not be relied on as such. The opinions, views and forecasts expressed herein reflect the personal views of the author(s) and do not necessarily reflect the views of Newedge. Some financial products and investments are subject to fluctuations in price and or value and investors may get back less than originally invested. Certain high-volatility investments can be subject to sudden and large declines in value that could equal or exceed the amount invested. Futures and options, as well as certain other financial instruments, are speculative products and the risk of loss can be substantial. Consequently only risk capital should be used to trade futures and options and other speculative products. Investors should fully understand the risks and potential losses and seek their own independent investment and trading advice having regard to their objectives, financial situation and needs. This information is not intended to be construed as investment advice. Newedge does not accept any liability or loss or damage arising from any inaccuracy or omission in or the use of or reliance on the information in this document.
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“Newedge” refers to Newedge Group SA and all of its worldwide branches and subsidiaries. Newedge Group SA and its branches are lead regulated by the Autorité de Contrôle Prudentiel et de Résolution. Newedge Group SA is also regulated by the Autorité des Marchés Financiers in France. Societe Generale Newedge UK Limited is authorized and regulated by the Financial Conduct Authority (FCA). Newedge Group (Zurich and Dubai branches) and Societe Generale Newedge UK Limited do not deal with, or for, Retail Clients (as defined under MiFID, FCA rules and Dubai Financial Services Authority (DFSA)). If this material is distributed by Newedge Group Dubai Branch it is intended for Professional Clients only (as defined by the DFSA) and no other Person should act on it. Only Newedge USA, LLC is a member of FINRA and SIPC (SIPC only pertains to securities-related transactions and positions). Only Newedge Canada Inc. is a member of the Canadian Investor Protection Fund. Societe Generale Newedge UK Limited and Newedge USA, LLC are Swap Dealers registered with the CFTC and NFA. Not all products or services are available from all Newedge organizations or personnel. If necessary, please consult our local office for details.