SGSS trumpets launch of Tempo

Societe Generale reports the launch of “Tempo”, which it describes as a comprehensive and innovative collateral management outsourcing solution aimed both at buy-side and sell-side market participants, including traditional and alternative asset managers, institutional investors, banks and major corporates. A multi-asset offering, Tempo alleviates the complexity, cost and operational burden of collateral management throughout the entire value chain, it says.

Tempo is available in agency mode for OTC derivatives, exchange-traded derivatives, securities lending and repo collateral needs, spanning the entire collateral management life-cycle.

SGSS says this outsourcing solution enables clients to continue diversifying their investment strategies in compliance with evolving regulatory requirements, while benefiting from diversified collateral mass, productivity gains, reduced counterparty and operational risk and enhanced operational flexibility. Tempo seamlessly integrates within a client’s existing contractual and IT ecosystem and can be complemented by Societe Generale Prime Services‘ clearing solution for OTC derivatives, it adds.

“As transactions will increasingly need to be collateralised to mitigate market risk, implementing the best possible collateral management strategy will be imperative for both the buy-side and sell-side.” comments Clément Phelipeau, Product manager, Derivatives and Collateral Management Services, at SGSS. “Tempo is a unique combination of Societe Generale’s multi-asset collateral management expertise which will help clients make the most of their assets in the coming years.”