Clearing and Settlement
The results of this business area cannot be considered
separately from the rest of the company’s business.
Revenues from settlement, registry and issuer services
increased by 3.1% on 2012, to €81.43 million. Despite a
slight increase in costs to €14.07 million (0.3%), EBITDA
increase by 3.7% to €67.37 million.
Stripping out the impact of the default management
service’s activity on the unit’s performance, settlement
revenue increased by 15% on the previous year, whilst
registration revenue fell by 3.6%.
The nominal volume registered for fixed income fell by
4.8% on the previous year, but increased for equities by
28.1% on 2012, to €675.90 billion.
Clearing and Settlement.
Key figures...
2013
2012
%
...for business
Revenue (million euros)
81.437
78.975
3,1
Costs (million euros)
-14.069
-14.033
0,3
EBITDA (million euros)
67.368
64.942
3,7
…for revenue sources
Number of trades settled
47.917.033
46.815.060
2,4
Assets in custody (nominal registered at end of period)
(billion euros)
2.190
2.118
3,4
Source: BME
Trades settled.
Millions
Source: BME
2006
2007
2008
2009
2010
2011
2012
2013
34.6
43.6
40.3
34.8
41.7
45.6
46.8
47.9
Assets in custody. Nominal registered.
Millions euros
Source: BME
2006
2007
2008
2009
2010
2011
2012
2013
1,045
1,246
1,362
1,513
1,564
1,664
2,118
2,190
54
Business Areas
Annual
Report 2013
BME
1...,44,45,46,47,48,49,50,51,52,53 55,56,57,58,59,60,61,62,63,64,...236