Cash Clearing

The IBOR transition is going to be a big change for Financial Institutions. Our expert, Olivier Balpe, Director of the IBOR project at Societe Generale, shares his views in this short video "3 questions, 1 coffee"

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.

The globalisation of trade, coupled with the advent of fintechs, has brought major changes to the cross-border payment process.

Our clients value Societe Generale's cash management services, which were awarded the title of ‘Market Leader' in France as part of Euromoney's annual survey 2019.

A huge amount of progress has been achieved in recent times in the field of rapid, even nearly instant payments.

Cross-border payments are getting faster, but friction remains, slowing some payments down. Will the industry ever achieve 100% STP (straight-through-processing) rates in cross-border payments?

Discover cash clearing activities in video.

Societe Generale processes international payments via SWIFT gpi, which is becoming the new standard in this area. The Head of Cash Clearing Services explains the major strides allowed by gpi, which meets the banks' expectations for these payments. Societe Generale is one of the leading banks on this standard and participates in the improvement works.