SGSS boosts LCH partnership
May 9, 2018

Societe Generale Securities Services reports this morning that through its affiliate Parel it has agreed a two-year extension for the provision of ESES settlement services for LCH Limited's EquityClear service.

It says that as a result of this renewal, LCH benefits from Parel's continuous processing through one single entry point, with straight-through delivery versus payment (DVP) for efficient, cost-effective settlement and direct access to the T2S settlement platform.

SGSS adds that Parel is a provider of clearing and settlement services in ESES markets (Belgium, France and the Netherlands) and in the UK, with direct access to CREST. Through its network of agents, Parel has worldwide access to more than 30 countries. Parel services both domestic and international clients including investment banks, broker dealers, central clearing parties (CCP) and other institutional clients that are integral to the SGSS business.Parel is a General Clearing Member (GCM) on all major European CCPs for equities and fixed income instruments.

LCH has been a Parel client since 2015. It was selected for its local presence and settlement expertise, as well as for its ability to provide a comprehensive and tailored settlement offering adapted to the CCP's specific technical requirements.

Bruce Kellaway, Global Head of RepoClear, EquityClear and Collateral, LCH comments: "Our work with Parel will enable us to continue to offer a streamlined settlement process for market participants clearing equities in Belgium, France and the Netherlands."





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Societe Generale Securities Services reports this morning that through its affiliate Parel it has agreed a two-year extension for the provision of ESES settlement services for LCH Limited's EquityClear service.

It says that as a result of this renewal, LCH benefits from Parel's continuous processing through one single entry point, with straight-through delivery versus payment (DVP) for efficient, cost-effective settlement and direct access to the T2S settlement platform.

SGSS adds that Parel is a provider of clearing and settlement services in ESES markets (Belgium, France and the Netherlands) and in the UK, with direct access to CREST. Through its network of agents, Parel has worldwide access to more than 30 countries. Parel services both domestic and international clients including investment banks, broker dealers, central clearing parties (CCP) and other institutional clients that are integral to the SGSS business.Parel is a General Clearing Member (GCM) on all major European CCPs for equities and fixed income instruments.

LCH has been a Parel client since 2015. It was selected for its local presence and settlement expertise, as well as for its ability to provide a comprehensive and tailored settlement offering adapted to the CCP's specific technical requirements.

Bruce Kellaway, Global Head of RepoClear, EquityClear and Collateral, LCH comments: "Our work with Parel will enable us to continue to offer a streamlined settlement process for market participants clearing equities in Belgium, France and the Netherlands."



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