Cecabank Annual Report 2014

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The Treasury and Risk Services
Centre provides services
relating to the support,
maintenance and development
of various applications for the
following activities:
Treasury Front Office.
Treasury Back Office.
Market and counterparty
risk monitoring and
calculation of operating
performance.
Operational risk
management.
Banknote activity support.
Other key services include
comprehensive collateral
management, for the management
of all types of financial business
collateral contracts (CSA, CMOF,
GMRA, GMSLA and EMA):
suspicious transaction reports for
the identification and monitoring
of transactions that may need
to be reported to the National
Stock Market Commission (CNMV)
and the EMIR service for user
institutions able to comply with
certain requirements established
by this regulation: clearing of
OTC derivatives, reporting to the
trade repository, and application
of operational and credit risk-
reduction techniques.
The services provided by the
Treasury and Risk Services
Centre allow all types of financial
institutions, public authorities and
corporations to access standard
IT applications specialising in
the various trading room and
risk activities, developed by
leading suppliers on national
and international markets. The
corrective maintenance and
upgrading service performed
ensures the systems are adapted
in line with regulatory changes
and new products appearing on
the markets.
Activity during the year
Over the course of 2014 the scope
of the services provided has been
expanded in terms of user numbers
and the range of services offered.
New institutions joining the
Treasury and Risk Platform include
the Instituto de Crédito Oficial
(ICO), which selected Cecabank’s
solution to provide IT support for
the management of its Treasury
and Capital Markets. Thanks
to the wide coverage of the
offered services, Cecabank’s IT
infrastructure and its flexibility to
adapt to technical and business
requirements, Cecabank obtained
the best overall score in the
evaluation of the award criteria set
by the ICO.
In 2014 the EMIR service was
launched with the aim of
getting ahead of the new
regulatory requirements of the
European Markets Infrastructure
Regulation (EMIR).
Key data for 2014
Operational risk database
+ 1.5 million
loss events
Treasury and Risk
Platform, Spain’s leader
18 financial institutions,
public authorities and
corporates
Collateral contract
management for
8 institutions
Treasury management
Treasury and Risk Support
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