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BME Post-Trade Services Management Report 2019

 

The BME Post-Trade Sevicies Area (hereinafter PTS) is integrated into the Settlement and Registration Unit (IBERCLEAR) and functionally comprises four departments that provide services to members of BME infrastructures, issuers, agent entities for corporate events and clients from RENADE. The four departments are:

• BME2S - BME Securities Solutions

• LRA - Record Book of Shareholders and services to Issuers

• EVCO - Corporate Events Service to Agent Entities

• REANDE - National Registry of Greenhouse Gas Emission Rights

 

The coverage of the services provided by PTS is carried out with personnel from the Barcelona Stock Exchange, the Bilbao Stock Exchange and the Madrid Stock Exchange.

The business evolution and situation of each of the departments referring to the year 2019 are listed below.

 

 

BME Securities Solutions

BME2S offers technical means to market members, members of BME Clearing, participating entities of IBERCLEAR and clients of global custodian BNP Paribas Securities Services, which allow the client to outsource infrastructure connection services and operational compliance with them.

 

1. Post-trading Management System (SGP): Module that supports Market Members in their role as members of BME's trading platforms and also necessarily as Clearing and Non-Clearing Members of BME Clearing. During the 2019 financial year, the SGP has adapted to all the regulatory and functional changes, successfully providing continuity of service to all its clients. As of December 31, 2019, the service has 10 clients (8 from SGP and 2 from SGP-T).

2. Compensation Management System (SGC): Module that supports Clearing and Non-Clearing Members of BME Clearing RV and RF. During the 2019 financial year, the SGP has adapted to all the regulatory and functional changes, successfully providing continuity of service to all its clients. As of December 31, 2019, the service has 6 clients.

3. Deposit Management System (SGD): Module that mainly supports IBERCLEAR Participating Entities. As of December 31, 2019, the volumes registered in the system reached an effective amount in RV of 14,244 million euros and a nominal amount in RF of 21,323 million euros, representing an increase of 20.07% in RV and decrease of 9, 42% in RF. The service has 7 clients (4 entities with balances registered in IBERCLEAR, 1 client of the custodian of BNP Paribas and 2 only clients of the Physical Title and Account Entry Record service).

 

 

BME2S services are provided entirely by Barcelona Stock Exchange personnel.

 

 

Record Book of Shareholders and services to Issuers

LRA offers technical means to Issuers in the keeping of the Register of Shareholders, as well as the Service of communication of holders.

 

1. Shareholders Registry Book: Service for keeping the Shareholders Registry Book that collects daily information on movements and positions of the shareholders of an Issuer. During the 2019 financial year, all services have been provided satisfactorily. As of December 31, 2019, the service supports 1,334 stations through 62 companies (Management Companies, Participating Entities or the issuer itself).

2. Holders Communication Service: Service through which, at the request of the Issuers, the ownership of their shareholders is informed on a certain date. This is a service of IBERCLEAR and PTS provides functional support to attend and manage the Issuer's requests. PTS assumed these functions in December 2019. During fiscal year 2019, all services were provided from IBERCLEAR in a satisfactory manner.

 

LRA services are provided by personnel from the Barcelona Stock Exchange, the Bilbao Stock Exchange and the Madrid Stock Exchange.

 

 

Corporate Events Service to Agent Entities

EVCO offers technical means to Agent Entities in the execution of corporate events as well as advice in their planning. EVCO manages all types of event on securities registered with IBERCLEAR (capital increases, OPAs, SCRIP Dividends, swaps, etc. ...).

During 2019, EVCO has adapted to all regulatory and functional changes, successfully providing continuity in service to all Corporate Events presented by the Agent Entities.

 

EVCO services are provided by personnel from the Barcelona Stock Exchange and the Madrid Stock Exchange.

 

 

National Registry of Greenhouse Gas Rights Emission

RENADE's objective is the exact accounting of the issuance, ownership, transfer and cancellation of emission rights established by the obligations established in the framework of the Convention, the Kyoto Protocol and the Paris Agreements.

During 2019, RENADE has adapted to all the regulatory and functional changes, successfully providing continuity in the Registry service. As of November 15, 2019, the service supports 1,149 accounts (air operators, facilities, people and businesses).

 

RENADE services are provided entirely by personnel from the Madrid Stock Exchange.

 

 

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