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
Thanks to us, 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.
We have 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 4 currencies - EUR, CZK, RON and XOF- with strong capabilities in other currencies.
A world-class service provider offering cutting-edge technologies
To monitor your payments, we provide you, through our SG Markets website, with our online 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 of which Societe Generale was one of the early members.
We are a SWIFT major player and takes part in all SWIFT initiatives including KYC registry, gCase, payment data quality and more.
Forex Linked to Payments
Societe Generale offers you two different Forex Solutions for your cross-border payments:
- AutoFX helps you better control the FX applied to your outgoing cross-border payments.
- PAYFX helps you 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.
Local clearing solutions
A strong and long-standing footprint in Eastern Europe and Western Africa providing clearing capacities in 5 local currencies.
SWIFT
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.
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