SGSS wins NAMA contract

Société Générale Securities Services (SGSS) has been chosen by the National Asset Management Association (NAMA) in Dublin to provide valuation services on different types of derivatives (options, interest rate swaps, swaptions, caps and floors).

NAMA was established by the Irish Government mid 2009 to acquire the property-related loans and derivatives of certain financial institutions and thereby enable them to cleanse their balance sheets. NAMA has been mandated to optimise the financial returns on these assets.