What is Cecabank?

Map of services

Securities Services

3

What is

Cecabank?

4

Shareholders ...

Cecabank was created in 2012 from a carve-out of CECA's assets

and liabilities (CECA was founded in 1928).

Cecabank focuses on providing independent wholesale financial

services to any institution.

CECA, Cecabank's main shareholder, retains its role as a banking

association.

Cecabank's shareholders are CECA

(89%) and various financial

institutions (11%).

Cecabank has consolidated its open B2B business model as a leading Spanish service

provider, supplying financial and operational services to financial institutions. Its hallmarks

include its solvent balance sheet, solid technological infrastructure, broad range of

professional skills, and a long track record of service provision.

What is Cecabank?

Business lines,

products and servicesAssociation

Shareholder

banks

Member

Institutions

11%

89%

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Origins ...

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And also...

It has a solvency ratio of 24.55%, Core Tier1 of 24.35%, a

liquidity ratio of 2% as at June 2013, and the balance

sheet is free of hybrid securities or corporate debt.

It has diversified income streams from a wide range of

synergistic services.

It is a neutral service provided that does not operate in the

retail market. It does not provide business credit to end

customers and has no exposure to property market risk.

Cecabank's business is strongly counter-cyclical and largely

independent from the performance of the rest of the

financial system.

Outstanding balance sheet...

• It is the leading independent national depositary for collective

investment schemes and pension funds.

• It safeguards a total of €90 billion in securities markets and

settles 1.3 million transactions a year.

• It is a public debt market maker.

• It participates in four central clearing houses (LCH in London,

LCH in Paris, Eurex and MEFF)

• It has a strong presence in the wholesale banknote distribution

market.

• Member of the Euribor, Eurepo and Eonia panels.

• Top 3 derivatives, FX, repos and securities lending dealers.

• International presence through its foreign representative offices

and extensive network of correspondents.

• It processes seven billion transactions a year in real time, with a

level of service of 99.999%.

• It handles the Euro 6000 network, with 1.34 million cards and 746

million transactions a year.

• It handle the European Trionis network, with 300,000 ATMs in

Europe and 600 member financial institutions.

• It provides electronic banking services to 1.5 million customers,

sending 15 million mobile-phone messages a year.

• Top 4 members of Iberpay, representing 16 other institutions,

with more than 500 million transactions a year.11.7%

Comparison of the solvency ratio of the European

financial system (Core Tier I ratio – JUN 13)

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24.35%Average of main

European financial

institutions

What is Cecabank?

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Map of

services

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Banking

servicesTreasury

managementSecurities

Services

Trading Room Depositary Services

BanknotesSecurities custody /

settlement

Asset management

support servicesCapital markets

Payment systems and

services

Treasury and Risk

Support

Processes, channels

and business

intelligence

Consulting services

Training and reporting

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End-to-end treasury

management platform

(front, middle and back

office),

including services for the

management of collateral,

distribution of derivatives for

customers, and operational

risk control.

Treasury and Risk Support

Cecabank brings together various wholesale banking support activities based on its

wide presence in various markets, its technology and its leadership

Trading of fixed-income

products, OTC

derivatives on interest

rates, variable income,

and currencies, currency

trading and deposit

operations in multiple

currencies.

Buying and

selling of notes

and coins in the

worlds main

currencies and

physical

distribution to

offices and

customers.

Structuring insurance and

placement of issues;

international roadshows and

investor relations; and

analysis of corporate

operations for the acquisition

and sale of assets.

Valuation of illiquid

financial products for use

by audit departments.

Includes services related

to the trading room and

managers and/or

depositaries.

Trading Room Banknotes

Capital markets

Asset valuation

Treasury management

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Cecabank offers business process support solutions and specialised technology in

payments, channels and business intelligence.

Includes bill discounting

services, cheque

clearing, processing

multicurrency national

and international

payment orders,

confirming, Swift

connectivity, and

representation on SNCE

and Step 2.

National and

international exchange

services; value added

services for the

resolution of incidents

and administration of

cards and terminals;

mobile applications and

applied business

intelligence.

Channelling international

operations, processing credit

cards, documentary

remittances and guarantees;

processing pensions,

migrants' remittances and

other parafinancial services

through the London branch,

representative offices abroad,

and the network of

correspondents.

Commercial and

management information

services that, starting out

from transactional and

operational data, prepare

information of use for

decision-making and

identifying business

opportunities.

Includes platforms and

services such as the

real-estate portal, office

web terminal,

multichannel banking,

on-line broker,

electronic banking,

mobility, etc.

Infrastructure,

connectivity and

management of

mainframe and Unix,

Linux and Windows

platforms.

Payments, clearing and

discountingMeans of Payment International business

Business intelligence New Channels Outsourcing

Banking Services:

Payment systems and services

Processes, channels and business intelligence

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Banking Services:

Advisory services, training and reporting

Cecabank stands out for its high level of specialisation in consulting, regulatory advice,

reporting to the authorities, and training.

Cecabank, through its training

school (ESCA), can offer

course subsidy management,

centralised training (on-line and

face-to-face); customised

company training, and an e-

learning platform; and can

provide classrooms.

Development and

implementation of

consulting projects in the

regulatory field, and

innovation in business

processes in financial

institutions

(rationalisation,

management of

integration, etc.).

Modular service to

improve knowledge

and interpretation of

the regulations

(publications,

regulatory monitoring,

and impact analysis).

Comprehensive financial

information reporting

service (Bank of Spain,

Central credit register,

etc.) and management

analysis (retail bank

observatory).

Advisory services, technical

assistance and customer

ombudsman, on-line

reputation.

Bank training centre (ESCA) Consultancy Regulatory consulting services

Reporting and Analysis Reputational defence

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Securities

Services

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Securities Services

Cecabank performs all the tasks and functions of a Depositary Bank

Efficient oversight.

Customised securities custody and settlement.

Cash custody.

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Strengths ... Checks performed ...

• Highly solvent and experienced.

• Certified quality

AENOR ISO 9001:2008,

for custody and settlement, and

depositary services.

• Independent (free of conflicts of interest and

incompatibilities).

• Relationship built on trust (Cecabank is not engaged in

the retail business, ensuring non-competition)

• Partnership with SGIIC and SGFP on regulatory,

operational and business issues.

• Top class technology infrastructure: solidity, continuity and

innovation.

• Reconciliation of securities positions.

• Verification of cash balance reconciliation.

• Control over legal limits and ratios.

• Supervision of market system operations.

• Investment policy control.

• Verification of asset valuations.

• Control over management and depositary fees.

• Verification of net asset value by benchmarking.

• DEC reviews.

• Audit report reviews.

Securities Services:

CIS and PF depositary

Efficient oversight

Independent depositary for collective investment schemes and pension funds

Some figures and complementary services ...

Asset under

Custody:

> €59 billion

CISs/PFs:

840

Asset

Management

companies:

19

Collateral

management

First class

trading room

Presence in

forums: CNMV,

DGSFP, ADEPO,

ETDF, ESBG, WSBI

Valuation of

illiquid assets.

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Some figures about this service and complementary

services

Custody of > €100

billion in

securities

Over 1,300,000

operations settled

1,000,000

securities

accounts in

operation

15,000 securities

codes open

Securities Services:

Securities custody and settlement

Strengths ... Basic custody and settlement services ...

• Single provider for all types of operations.

• Cecabank is not a competitor to any of its customers (white label)

• Proprietary communications technology services.

• IRS support for US operations - QI – PAI.

• Continuous information for customers (conventions, seminars,

translation of international corporate securities events).

• Contingency plan for all securities services.

• Built-in STR service.

• Integrated tax claim service.

• Securities lending.

• Access to Class Actions in the U.S. market

National markets

• Custody and settlement of public debt. AIAF member Access to

SEND.

• Variable income: Routing with various different market

members.

• Operational possibilities: Reception, transmission and

settlement of buy/sell orders, or simply settlement of

operations.

International markets

• Coverage of 50 international markets,

• Various alternatives for trading and settlement of units in

internationally managed investment funds.

• Cash settlement and processing alternatives, whether in euros

or other currencies.

securities custody and settlement services in various markets through direct participation

in central depositaries or through global custodians, which together with treasury

management services and information providers, provide an integrated services

framework that is unique in the market

Presence in

national and

international forums

Leadership in the

reform of the post-

trading system

Connectivity with manager

•On-line access:

•Web terminal

•File-based communications

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Securities Services:

Cash custody

Exchange and settlement system support.

Transfers (C34-SEPA)

Transfers without tax implications (C234)

Direct debit of contributions (C19-SEPA)

Channels: EDITRAN / ELECTRONIC BANKING / SFTP.

Same day settlement national payments

International payments.

Access to information on balances/transactions: File (C43-SEPA) and electronic

banking queries.

Cash custody

Contact information:

Caballero de Gracia 28-30. 28013 Madrid

Website: www.cecabank.es

Francisco Javier Planelles………COO............................................. fplanell@ceca.es………..+34915968169

José Carlos Sánchez-Vizcaíno…Head of Depositary Services…….. jsanchev@ceca.es..........+34915964774