SOCIETE' GENERALE SECURITIES SERVICES S.P.A. (IN FORMA ABBREVIATA SGSS S.P.A.)

SOCIETE' GENERALE SECURITIES SERVICES S.P.A. (in forma abbreviata SGSS S.P.A.) is the Italian securities services arm of Société Générale, operating as an institutional provider of post-trade and asset servicing solutions. The company focuses on custody and safekeeping of financial instruments, depositary bank duties for UCITS and AIFs, fund administration and accounting, registrar and transfer agency, clearing and settlement, corporate actions and income processing, foreign exchange and cash management for portfolios, tax services and reclaims, securities lending and collateral management, and middle-office outsourcing. Its client base typically includes asset managers, fund promoters, insurance companies, pension funds, banks and brokers, and corporates with issuance or treasury needs. SGSS S.P.A. is subject to Italian and EU regulation and is supervised within the Italian framework that includes Banca d’Italia and CONSOB for relevant banking and investment services; it operates with connectivity to domestic and European market infrastructures, including the Italian central securities depository (Euronext Securities Milan) and TARGET2-Securities for settlement. Service delivery commonly leverages SWIFT and file-based or API connectivity, online reporting portals, and agreed service level arrangements, with omnibus or segregated account structures depending on client requirements and regulation. Fees are negotiated bilaterally and typically combine activity-based charges and asset-based components with minimums. Asset safekeeping relies on a sub-custodian and market infrastructure network, with standard segregation, oversight, and operational risk controls expected under applicable rules. The firm positions itself for institutional relationships rather than retail banking, and onboarding involves standard KYC/AML due diligence, documentation of mandates, and detailed operating models and reporting specifications.