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Page. 55 Cecabank 2015 Annual Report
Our banking services are services provided for banks
and corporate clients for the integrated management
of bank collections and payments, discount operations,
payment confirmations and technical coverage of
connectivity to SWIFT.
Global coverage of Payment Systems
The administration, supervision and settlement of
bank transactions and retail payment instruments
exchanged by an entity in the framework of national and
international payment systems as a represented entity.
Channelling and processing collections and payments in
euros and foreign currencies for corporate clients.
Integrated discount management
Economic and administrative management of all the
transactions for an entity’s discounted notes, from
collecting the data for the notes for settlement with the
client until their application for collection.
Global confirming service
(FINVERSIÓN)
Administration of payment commitments (invoices)
contracted by the bank’s clients with their goods and
services suppliers on a maturity date, through the
operating-technical application called FINVERSIÓN
which speeds up the financing or investment of both
clients and suppliers.
Technical SWIFT coverage
Technical coverage connection service from an entity’s
or client’s BIC code to the SWIFT network, which enables
clients to use all the SWIFT services in the same way as
if they had a direct connection to the SWIFT platform.
Activity during the year
In 2015 the processes of converting and adapting to
the new SEPA payment instruments were completed in
the fields of transfers and direct debits both with clients
and with the entities represented. In this respect, the
times of processing these operations were adapted and
the settlement of SEPA was launched in the SNCE with
the same day value. In addition, SEPA direct debits were
integrated into the Discount platform as another type
of document.
A large part of work centred on facilitating the addition
of new investment and pension fund managers and their
business in the field of the depositary as regards current
accounts, collection and payment management and the
exchange and settlement of participants’ transfers.
Notable within Cecabank’s activity as a central operating
service provider is the joint management of the accounts
of the Social Security’s Treasury Department to serve
customers. Likewise, it continued to provide service
for the Temporary Joint Venture business, started by
different Spanish financial institutions and Cecabank
itself to manage the treasury of Loterías y Apuestas
del Estado (LAE), with thousands of LAE accounts open,
where Cecabank is the only manager.
Cecabank worked very hard to maintain the AENOR
UNE EN ISO 9001 quality certification for services of
exchange, clearing and settlement of collection and
payment transactions (transfers, direct debits, fund
transfers and advance credit payments) and to obtain
the UNE-ISO/IEC 27001 certification for the information
security management system for SEPA operations.
These certifications form part of the culture of continual
improvement and quality of service which Cecabank
believes in and which is reflected in its Strategic Plan.
Banking Services
Payment and Clearing Systems
03 Our Business Model