Societe Generale Securities Services (SGSS) has consolidated existing systems to develop the System for Management of Issue-Linked Events (SMILE). The platform, for investment banks and issuers worldwide, contains a database of comprehensive information on the issue of securities, enables the tracking of interest payment dates and maturity dates, and a reporting tool.
SGSS says SMILE will provide an issue-linked proposal within three hours of a request for proposal, which improves the STP rate and reduces operational risk. SGSS then manages put and call options, share redemptions, installment collections, partly paid issues and buybacks.
SGSS says it has experienced a 50% increase in its issuer activities between 2010 and 2011.
(CG)