EURO CLEARING
SUREPAY
SurePay anticipates the extension of a domestic clearing organization for Euro payments up to the borders of the European Union. With SurePay, banks can now centralize all their Euro payments on Société Générale, whatever the beneficiary's country. With SurePay, all commissions are known in advance and multiple charging is avoided.
PAYAWAY
Most banks have low volumes of payments in some currencies and to some countries of Africa and Eastern Europe. Maintaining Nostro accounts in these countries is expensive and cumbersome. For this reason, Société Générale has taken advantage of its rich network of branches and correspondent banks in these countries to develop PayAway.
PayAway enables client banks to avoid fixed costs and to pay only variable costs. Moreover, thanks to PayAway, client banks get rid of the problem : they just have to send the payments in Euros to Société Générale, and Société Générale takes care of it. In addition, value dates and commissions are known in advance, the exchange rate ( if any FX is required ) is reported to the client, and there is no double-charging in most countries.
