Press: Euroclear’s Cash+ debuts with Societe Generale
Euroclear has launched Cash+, a service designed to highlight potential value differences between cash and scrip options in elective dividends. According to the company on LinkedIn, investors frequently default to cash payouts despite more favourable alternatives. The new tool, developed with fintech firm Scorpeo, aims to quantify these gaps and present the most economically advantageous choice.
Societe Generale is the first institution to adopt the service. Based on data shared by the bank and Euroclear, the tool has produced uplifts in recent corporate actions, including about 7 per cent on the Philips optional dividend and approximately 6 per cent on Essilor Luxottica compared with taking the standard cash option.
Wider market interest
“Societe Generale’s leadership validates our ambition to modernise as a financial market infrastructure and deliver tangible benefits to the market”, says Laurence Van der Haegen, head of asset servicing at Euroclear. “Major asset managers have already confirmed their interest in Cash+ as well.”