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52

Annual Report 2014 BME

Settlement and registration

In 2014, the number of settled market transac-

tions grew by an average of 21.8%, with an effective

volume equivalent to a daily average value of €4.13

billion. Within the reform process of post-trading in

the EU, Regulation 909/2014, on improving secu-

rities settlement in the European Union and on

central securities depositories, entered into force in

September.

The number of transactions settled at Iberclear in

2014 increased by an average of 21.80% on 2013

to an average monthly of 3.9 million. The cash

volume settled for them increased by 38.2% since

€4.13 billion was settled on an average daily basis,

compared with €2.99 billion in 2013.

The nominal balances recorded at year-end

decreased by 15.53% in the securities listed on the

AIAF fixed-income market and increased by 6.85%

in the public debt market. Equities grew by 6.77% at

market prices.

The settlements of trades on the various markets

managed by BME had the best performance in

the year. They accounted for 46.6% of the unit’s

revenues in 2014.

BME staff at SIBOS, the main annual gathering in the post-trade sector.

Settlement:

Settled transactions (in Millions)

2012

46.8

2013

47.9

2014

55.1