Informe_Anual_Cecabank_2016_ENG

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2. Securities custody and settlement
Cecabank is one of the Spanish market’s leading suppliers, thanks to its volu-
me of daily settlements and assets in custody.
Through its operational solutions, Cecabank offers solutions suitable for
banks, ESIs, and all type of management companies. In our role as a leader
and specialist, we are taking part in all the working groups preparing the
Reform of the Spanish Securities Market and Target 2 Securities (together
with the CNMV, Iberclear, the Bank of Spain, and the European Central Bank).
We are informing our clients of the operating and regulatory changes which
the Reform and T2S will involve through communications, seminars and
conferences. Cecabank has already been added to a new equities segment
at the Central Counterparty, as a General Clearing Member, a position
which enables us to extend our range of services for share companies and
all types of ESIs.
Activity during the year
2016 Main milestones
Entered the first phase of the Securities Market reform, which affects
operations on the equity market, where Cecabank has constituted itself
as a member in Iberclear and as a general clearing member at the new
Central Counterparty Clearing House.
Equity clearing services for members of the market commence.
From April 2016 services are provided to 7 securities companies.
Implementation of markets incorporated to the T2S platform.
In 2016 works on adapting to compliance with the requirements for the
2nd phase of Market Reform (Fixed Income) began. The range of services
Cecabank offers was widened, as happened in the first phase of the Reform..
MAIN
FIGURES
December 2016
ASSETS UNDER
CUSTODY
121,000
million euros
ASSETS UNDER CUSTODY
National market
EQUITIES
14,330
million euros
PUBLIC DEBT
27,312
million euros
FIXED INCOME PRIVATE-AIAF
6,874
million euros
International Market
FIXED INCOME
AND EQUITIES
72,582
million euros
SETTLED
TRANSACTIONS
Over
785,000
NO. OF SETTLED TRANSACTIONS
National Market
EQUITIES
535,318
PUBLIC DEBT
133,121
FIXED INCOME
PRIVATE-AIAF
13,470
International Market
FIXED INCOME
AND EQUITIES
105,894
2014 2015 2016 2013
Cecabank 2016 Annual Report Page 64
05 OUR BUSINESS MODEL
5.
5.