SocGen SS Selects LCH.Clearnet for Cash Equities Clearing
Reflects growing trend for clearing members to consolidate cash equity flow through one CCP .

SGSS will optimize its clearing arrangements for clients by streamlining its default fund contributions and margin payments by utilizing one central counterparty clearing (CCP) connection, as well as reduced clearing fees and settlement costs through cross trade venue netting.
"When it comes to clearing, robust risk management is of paramount importance," says Guillaume Heraud, head of business development for financial institutions and brokers at SGSS. "LCH.Clearnet was able to demonstrate excellence in this area as well as offering comprehensive customer service and broad product and trading venue coverage. The firm's expanding clearing activity across Europe, and innovation in clearing and risk management of OTC equities and equity derivatives were other contributing factors to our decision."
LCH.Clearnet's interoperable volumes have increased by over 50 percent over the last 18 months as firms are eager to consolidate cash equity flow through one CCP to reduce costs.
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