LCH.Clearnet, the world’s largest clearing house, has mandated Societe Generale Securities Services (SGSS) to provide settlement services for domestic equity securities within the Euroclear Settlement of Euronext-zone Securities (ESES).
With the mandate, SGSS will provide settlement services for LCH.Clearnet in the Belgian, French, and Dutch markets through its direct membership with Euroclear.
According to a statement, SGSS was selected by LCH.Clearnet for its local presences and settlement expertise in the European markets, as well as for its ability to provide a comprehensive and customised settlement offering adapted to clearing house’s specific technical needs.
“We are pleased to be providing a single point of access to settlement services for the ESES market, demonstrating our ability to deliver indispensable local expertise alongside broad settlement coverage and efficient processing,” says Guillaume Heraud, global head of Business Development, Financial Institutions and Brokers, SGSS.
LCH.Clearnet Selects SGSS as Settlement Provider
LCH.Clearnet, the world’s largest clearing house, has mandated Societe Generale Securities Services (SGSS) to provide settlement services for domestic equity securities within the Euroclear Settlement of Euronext-zone Securities (ESES).