Cecabank Annual Report 2014

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Securities custody and settlement
services on both domestic and
international markets, allowing
its clients to cover all markets
and product types through a
single service provider. Cecabank
acts as a “white label” specialist
in securities services, offering
its value added services in each
post-trading process. Cecabank
is among the Spanish market’s
leading service providers in terms
both of daily settlement volumes
and assets held in custody.
Cecabank has put operating
solutions in place to offer services
to management entities and
institutions handling large
volumes of assets and final and
direct customers. From our role
as leaders and specialists we are
participating in all the working
groups that are preparing the
Spanish securities market reform
and Target 2 securities (CNMV,
IBERCLEAR, Bank of Spain, and the
European Central Bank).
Through communications,
seminars, and workshops we
are informing our clients about
the regulatory and operational
changes that the reform and T2S
will entail, while defining the role
Cecabank will play in each stage of
the process and the services it will
offer its clients.
The services provided have
AENOR UNE – EN ISO 9001
quality certification, which was
updated in 2014.
National market
Equities
13.697 billion
Government debt
23.741 billion
Private fixed income-AIAF
13.697 billion
International market
Fixed income and equities
44.027 billion
Assets under custody
(effective value expressed in euros)
International market
Fixed income and equities
120,903
National market
Equities
1,008,904
Government debt
146,825
Private fixed income-AIAF
60,441
No transactions settled
Activity during the year
The main priorities in 2014 were:
Providing operating support
to integration processes
of the two main banking
groups and the new
managers incorporated in
the depositary business.
Participating in the working
groups set up, (CNMV,
IBERCLEAR, BME CLEARING,
Bank of Spain and European
Central Bank), in the
“Spanish Market Reform”
project, to adapt operations
to TARGET 2 SECURITIES.
Adaptation and development
of new functionalities in the
IT applications to enable
compliance with the
market infrastructure
functional requirements
established under the
Securities Market Reform.
.
Key data for 2014
December 2014
Assets under custody
95 billion euros
Transactions settled
Over 1,300,000
Securities Services
Securities custody and settlement
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