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Article: Societe Generale's swaps solution; quotient software focuses on back-office overload. (Technology/Operations)
- Article from:
- American Banker
- Article date:
- November 15, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Societe Generale's Swaps Solution
In an effort to increase back-office control and efficiency in its swaps area, the New York office of Societe Generale has installed software designed to help track these complex deals.
According to Antonino Piscitello, first vice president in charge of the U.S. operations division at Societe Generale, this move represents both a technological upgrade and a perceptual shift in how his bank views the processing of swaps.
Societe Generale is France's largest publicly owned bank, with $175 billion in assets. It is one of the leading players in global swaps, a rapidly expanding marketplace dominated by international ...