Societe Generale Securities Services (SGSS) has boosted its System for Management of Issue-Linked Events (Smile) in order to offer upgraded middle-office services to investment banks and issuers globally. Through this automated system, SGSS teams based in Luxembourg will be able to provide an issue-linked proposal within three hours of a request for proposal. Smile has a database that consists of comprehensive information on the issue of securities and allows the tracking of interest payment dates and maturity dates, and a reporting tool. SGSS is able to increase its straight-through-processing rate and improve the quality and reliability of its services alongside reduced operational risk.
Click here for the release from Societe Generale Securities Services.