Societe Generale Prime Services has partnered with CME Group to offer portfolio margining for its clients, as the bank looks to ease the collateral requirements for end-users.
Clients of Societe Generale will be able to treat their interest rate swaps contracts and futures contracts as a single portfolio, resulting in significant margin savings when trading with CME.
“This important upgrade to our clearing business allows our clients to optimise their cost of collateral as well as take advantage of capital efficiencies,” says Nicholas Gionfriddo, Americas head of OTC Clearing Sales, Societe Generale Prime Services.
The French-based bank has also implement CME Group’s Optimizer toolkit to facilitate the portfolio margin process.
Soc Gen Enters Portfolio Margining Deal with CME
Societe Generale Prime Services has partnered with CME Group to offer portfolio margining for its clients, as the bank looks to ease collateral requirements for end-users.