Cecabank Annual Report 2014

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Services provided to credit
institutions and corporate
clients for the comprehensive
management of bank payments
and collections, discounting
operations, reverse factoring,
and technical coverage of
SWIFT connectivity.
Global coverage in the payment
systems field
Administration, supervision
and settlement of banking
operations, and retail payment
instruments exchanged by
an entity in the framework
of national and international
payment systems as principal.
Channelling and processing of
collections and payments in
euros and foreign currency for
corporate clients.
End-to-end discounting
management
Economic and administrative
management of the ensemble
of transactions involved in an
institutions’ bill portfolio, from
bill data input to customer
settlement and application
for collection.
Global reverse factoring service
(FINVERSIÓN)
Administration of payment
commitments (invoices)
contracted with credit
institution customers with
suppliers of goods and services
on a maturity date, by means
of a technical application called
FINVERSIÓN which makes
customer and supplier financing
and investment more flexible.
SWIFT technical coverage
Technical coverage service for
the connection of an institution
or customer’s BIC code to the
SWIFT network, allowing use
of all SwiftNet services as if the
client had a direct connection to
the Swift platform.
Activity during the year
2014 saw the culmination
of the process of conversion
and adaptation to new SEPA
payment instruments in
the transfer and direct debit
areas with both customers
and represented institutions.
In particular this included
adaptation of the times of these
operations and implementation
of SEPA transfers in the SNCE
with same-day value date.
A lot of effort has been
focused on facilitating
incorporation of new collective
investment and pension fund
managers, and their
business in the depositary field,
as regards the administration
of current accounts,
management of collections
and payments, and handling
exchange and settlement of
members’ transfers.
David Pérez Barno
Head of Payment Systems,
Clearing and Discounting
Cecabank’s obtaining the UNE-EN ISO 9001 quality
management system certification ratifies the institution’s
key position in the provision of charging and payment
services for credit institutions and corporate clients, based
on a model geared towards constant innovation, maximum
efficiency, and generation of value added.
Banking Services
Payment Systems, Clearing and Discounting
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