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94

Cecabank Report 2018

Our business model

It is also worth mentioning that during the second half of the year 2018, we

have collaborated actively in launching the TARGET2/TARGET2 Securities

consolidation project and, in particular, in the preliminary impact analysis

on the migration of Cecabank's payment messaging system to the ISO20022

Standard. In this context, Cecabank has also been incorporated in the Spanish

Tax Agency's tax payment gateway.

The contractual framework has been created in the scope of payment and

collection services, and the General Treasury of the Social Security's Single

Centralised Account service has been monetised with 5 entities.

The fact that Cecabank maintained the Quality Management certificate in

accordance with the UNE ISO 9001 and ISO 27001 standards confirms the

company's outstanding position in providing payment and collection services

to credit entities and corporate clients, based on a model geared towards

constant innovation, maximum efficiency, and generating added value.

Intercambio de cheques transfronterizos / Cámara de Divisas

6 new companies use the

service for managing cash-letter

remittances in 2018

4 | 4.2