General Disclosures to clients of Société Générale entities and branches within the EEA:
For important informational disclosures regarding certain conflicts of interest that may arise in relation to derivatives transactions that we may enter into from time to time, please click here.
U.S. Regulatory Disclosures:
The information on this website is provided to you in connection with, among other rules and regulations, U.S. Commodity Futures Trading Commission ("CFTC") Rule 23.431, pursuant to which Société Générale SA (LEI/GMEI: O2RNE8IBXP4R0TD8PU41) and Societe Generale Newedge UK Limited (LEI/GMEI: 0IKLU6X1B10WK7X42C15) (collectively, "SG"), each a registered "swap dealer", are required to provide informational disclosures to certain of their counterparties prior to trading certain over-the-counter derivative products.
Where this website refers to “we” or “SG” it refers to the relevant SG entity with which you are transacting (Société Générale SA or Societe Generale Newedge UK Limited, as applicable) and where this website refers to “you” it refers to you or your organization.
The information on this website will be updated regularly and you should revisit periodically to ensure that you have the most current information available.
Certain of the disclosures contained on this website may not be relevant to all recipients. Specifically, the disclosures below are only required to be made where all of the following circumstances apply:
- You are a "U.S. person" or non-U.S. person that is an affiliate conduit or guaranteed affiliate of a U.S. person, as those terms are defined by the CFTC;
- You are not a "swap dealer", "major swap participant", "security-based swap dealer", or "major security-based swap participant", in each case as defined in §1a of the Commodity Exchange Act; and
- You are entering into or contemplating entry into a transaction with SG that constitutes a "swap", as defined in CFTC Rule §1.3.
If the above circumstances apply, please read carefully the following documents, which may be accessed by clicking on the applicable tabs above:
- Our Terms of Business for Swap Transactions;
- The General Disclosure and appropriate Product-Specific Disclosure(s);
- Terms and Characteristics;
- Mid-Market Marks.
If you are acting in the capacity of agent and execute bunched swap orders with SG on behalf of your customers, please click here for important information setting forth terms applicable to such transactions.
In order to determine whether certain index or basket transactions constitute “swaps” and are therefore CFTC-regulated, SG employs a simplified logic to determine whether an index or basket is broad- or narrow-based that is based solely upon the number of components in the index or basket. This logic will be further refined in the future to capture the full nuances of the “swap” definition. In the interim however, it is possible that SG may inadvertently classify certain transactions as “swaps” that are in fact “security-based swaps” due to the limitations inherent in the logic we apply.
In addition to the disclosures contained on this website and the ISDA website, you should carefully read any additional supplemental disclosures contained in any documentation provided to you from time to time by SG in relation to any swap you are considering. Nothing provided on this website shall amend or supersede the express terms of any written agreement between you and SG.
SG sales and trading personnel located in the U.S. and other countries outside of SG’s home jurisdiction may be employees of or act on behalf of Société Générale SA’s subsidiary, SG Americas Securities, LLC, or other local SG entity, who is authorized to act as agent for SG with respect to our derivatives business. If you have any questions about the information contained or referenced in this website, please discuss with your SG relationship contact. By transacting with SG, you are deemed to acknowledge that you have read and accepted the information provided on this website.
While SG has examined relevant external websites with due care and attention before any link has been provided, the content of external websites may change at any time without our knowledge, and SG accordingly assumes no responsibility or liability for the content of any website accessed via an external hyperlink.