Soc Gen Sets the ‘Tempo’ for Collateral Management

Societe Generale has launched a new outsourcing collateral management solution called ‘Tempo’, targeting institutional investors, hedge funds and major corporates.

The outsourcing collateral management solution is the result of the French bank leveraging the Societe Generale Securities Services (SGSS) business and its prime brokerage unit. Available in agency mode for OTC and exchange-traded derivatives, securities lending and repo collateral needs, ‘Tempo’ spans the entire collateral management life-cycle.

The solution includes central margining for daily margin calculations, dispute management for efficient processing, asset pool management for consolidation, liquidity management, collateral oversight and valuation, and collateral optimisation.

“As transactions will increasingly need to be collateralised to mitigate market risk, implementing the best possible collateral management strategy will be imperative for both the buy-side and sell-side,” says Clément Phelipeau, product manager, Derivatives and Collateral Management Services, SGSS.

““Tempo” is a unique combination of Societe Generale’s multi-asset collateral management expertise which will help clients make the most of their assets in the coming years.”