Cash Clearing & Correspondent Banking
More than 1,000 financial institutions rely on Societe Generale to process a wide range of international transactions such as: cash clearing in Euros and other currencies, commercial payments and account maintenance.
Euro & Currency Clearing
With Societe Generale, you can have access to a global network dedicated to banks. As a leader in euro payments, Societe Generale is #1 in France and #3 worldwide on the Euro clearing for banks, serving your needs in every important currency. We process 5.8 million SEPA operations per day.
With our extended international network and a full and mature service offering designed for our clients, we are committed to help you grow your business efficiently.
Societe Generale has access as a direct participant to all euro clearing systems (EBA & TARGET 2) as well as domestic clearing systems in several countries.
We act as intermediary for banks which are not members of a clearing system so they don’t have to invest in a direct connection.
Thanks to a solid and long-standing footprint in Eastern Europe and Western Africa, we are able to provide clearing in 6 currencies - EUR, CZK, MAD, PLN, RON and RUB - with strong capabilities in other currencies.
A world-class service provider offering cutting-edge technologies
To monitor your payments, Societe Generale, via a unified portal, provides you with its web-based reporting tool, Webclear. It displays details, status and associated balances of each payment, with access to your invoices and other services to facilitate your day-to-day operations. Webclear also features the SWIFT gpi tracker, a SWIFT project Societe Generale has been an early member of since 2015.
Societe Generale is a SWIFT major player and takes part in all SWIFT initiatives including KYC registry, gCase, payment data quality…
Societe Generale and JP Morgan are partnering together along with other key banks, to develop a blockchain-based infrastructure to improve payment efficiency and service quality.
Forex Linked to Payments
Societe Generale offers you two different Forex Solutions for your cross-border payments:
- AutoFX solution helps you to better control the FX applied to your outgoing cross-border payments.
- PAYFX is the solution to make payments in more than 80 currencies through your euro account held at Societe Generale.
At Societe Generale, we master a wide range of services and geographies carrying all their own specificities. In a fast changing world driven by complex and moving regulations and evolving consumption patterns, we believe in partnership and anticipation as the most valuable mindset to help you grow your business efficiently.
Head of Cash Clearing & Correspondent Banking
Local clearing solutions
A strong and long-standing footprint in Eastern Europe and Western Africa providing clearing capacities in 5 local currencies.
Societe Generale is a SWIFT major player with active participation in key industry projects, such as SWIFTgpi (same day payment with a real-time tracking device) or KYC registry.
Get in touch with our experts
Head of Sales Western Europe & America
Edwige Fouquet joined Societe Generale in 2007 after various experiences in investment banks (Deutsche Bank, Natixis or Banque Worms) where she acquired a strong knowledge in Commodity Trade Finance and Risk Management. Within Societe Generale, she spent almost 8 years heading the European Trade & Commodity Finance Middle Office before joining the Global Transaction Banking division and the Cash Clearing department
Head of Sales Asia Pacific & Middle East
Olivier has a wide international experience since he handled several positions in Kuala Lumpur as Deputy Managing Director for Sogelease, and as Managing Director for Societe Generale in Istanbul. In 2003 he joined the retail network in France as Customer Relationship Manager, before joining the Global Transaction & Payment Services business unit in 2006. Successively he has been Head of International Trade Finance for 6 years, focused more specifically on Africa for one year. Since 2014 he has been working within the Cash Clearing and Correspondent Banking business line as Head of Asia Pacific and Middle East.
Head of Sales, Eastern Europe Russia & Africa
Petra Vincze joined the Cash Clearing Services team at Societe Generale in 2015, as Regional Manager for Central & Eastern Europe, Russia, Africa, Turkey, Israel and Lebanon.
Prior to that, Petra spent more than 17 years at Societe Generale across a variety of international markets in multiple roles, from acquiring businesses, to internal controls.
She started her career in specialized financing, where her role was to develop the activities of the Car Financing and Consumer Credit business lines. Petra first worked at the Holding company level based in France on M&A projects as Supervisor, then as Deputy CEO in some locally incorporated businesses across Eastern Europe.
She then spent 2 years in the audit and inspection division for Societe Generale as COO, first for Western Europe, thereafter for Eastern Europe and Russia. Petra currently manages the sales team of the region covering all cash clearing activities.
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