Transparency
We offer you structured and easy access to all the information related to what the company does.
Transparency in Cesce
The purpose of Cesce's Transparency Portal is to comply with the disclosure obligations established in Law 19/2013, of 9 December, on Transparency, Access to Public Information and Good Governance. In addition, this Portal reinforces Cesce's transparency and offers all information related to the company's activity in a structured and easily accessible manner.
The institutional and organisational information was last updated in
May 2023. The financial, budgetary and statistical information was updated in April 2024. And the rest of the information was updated in July 2023.
In this section you will find general information about Cesce functions, organisational structure and details related to Cesce’s management and governing bodies and the legal framework in which it operates.
As an Export Credit Agency (ECA), Cesce has managed State-backed export credit insurance, on an exclusive basis, since 1971..
According to Law 8/2014 of 22 April, on State-backed cover of the risks of internationalisation of the Spanish economy, the Company is responsible for ensuring the cover of risks associated with internationalisation that it takes on behalf of the State at any given time, but it is the State itself that makes or bears, through the Internationalisation Risk Reserve Fund, the profit or loss of these obligations..
Cover of the risks is set out in various forms of insurance according to the different characteristics of the operations that are going to be covered, the Commercial Political and/or Extraordinary Risks, as well as the insured interest, and the insured entity (exporter, financier, guarantor, investor...).
As a managing agent, Cesce is responsible for managing and administering the cover of risks of internationalisation it bears on behalf of the State. Its main activities are studying, preparing, negotiation, entering into and following up cover contracts, besides activities to mitigate or prevent losses and recovery, once the indemnity is paid, as well as any other complementary activities considered necessary for efficient management of the State-backed cover of risks, and of State-backed cover of debt, and in general of official financial instruments for supporting the internationalisation of Spanish companies..
The State controls and supervises the instrument through the State Risks Commission. This Commission has the power to decide on proposals in the area of State risk cover. Moreover, the activity is externally audited by carious public bodies, including the Court of Auditors.
In State-backed cover of the risks derived from medium- and long-term purchase of electric power by electricity-intensive customers, Royal Decree law 24/2020 of 26 June and its implementing regulations apply; Cesce covers the right of de facto or de jure insolvency of the aforementioned electricity-intensive consumers.
The State controls and supervises the instrument through the Electricity-intensive Market Risks Commission. The State will make the profit or bear the loss on said cover through the Spanish Electricity-Intensive Company Guarantee Reserve Fund (FERGEI)..
Functions
Cesce is the leader of a group of companies that offers comprehensive commercial credit management solutions in part of Europe and Latin America. Cesce is also the Spanish Export Credit Agency that manages State-backed export credit insurance in Spain..As an Export Credit Agency (ECA), Cesce has managed State-backed export credit insurance, on an exclusive basis, since 1971..
According to Law 8/2014 of 22 April, on State-backed cover of the risks of internationalisation of the Spanish economy, the Company is responsible for ensuring the cover of risks associated with internationalisation that it takes on behalf of the State at any given time, but it is the State itself that makes or bears, through the Internationalisation Risk Reserve Fund, the profit or loss of these obligations..
Cover of the risks is set out in various forms of insurance according to the different characteristics of the operations that are going to be covered, the Commercial Political and/or Extraordinary Risks, as well as the insured interest, and the insured entity (exporter, financier, guarantor, investor...).
As a managing agent, Cesce is responsible for managing and administering the cover of risks of internationalisation it bears on behalf of the State. Its main activities are studying, preparing, negotiation, entering into and following up cover contracts, besides activities to mitigate or prevent losses and recovery, once the indemnity is paid, as well as any other complementary activities considered necessary for efficient management of the State-backed cover of risks, and of State-backed cover of debt, and in general of official financial instruments for supporting the internationalisation of Spanish companies..
The State controls and supervises the instrument through the State Risks Commission. This Commission has the power to decide on proposals in the area of State risk cover. Moreover, the activity is externally audited by carious public bodies, including the Court of Auditors.
In State-backed cover of the risks derived from medium- and long-term purchase of electric power by electricity-intensive customers, Royal Decree law 24/2020 of 26 June and its implementing regulations apply; Cesce covers the right of de facto or de jure insolvency of the aforementioned electricity-intensive consumers.
The State controls and supervises the instrument through the Electricity-intensive Market Risks Commission. The State will make the profit or bear the loss on said cover through the Spanish Electricity-Intensive Company Guarantee Reserve Fund (FERGEI)..
Regulations applicable to Cesce as a Managing agent on behalf of the State
Organisational Structure
Allowances for attending the meetings of Cesce’s Board of Directors are governed by the provisions of the Order of the Ministry of Finance and Public Administrations of 8 January 2013 approving the maximum quantities of the compensation for attendance at the meetings of the Boards of Directors or State-Owned Enterprises
This section contains important economic, financial and budgetary information, as well as Cesce’s accountability through its audit mechanisms.
At Cesce there are no severance payments, it is not required to report on budget execution and, during the financial year 2024, no subsidy was recognised for the Company. Therefore, these categories are omitted.
At Cesce there are no severance payments, it is not required to report on budget execution and, during the financial year 2024, no subsidy was recognised for the Company. Therefore, these categories are omitted.
Contracts
Desde el 1 de abril de 2016, todos los contratos celebrados, con independencia de su importe, se encuentran en la Plataforma de Contratación del Sector Público.
Information on minor contracts and those processed by open procedure, according to our rules, can be consulted through the public sector procurement platform, for the rest of the contracts click here:
Information on minor contracts and those processed by open procedure, according to our rules, can be consulted through the public sector procurement platform, for the rest of the contracts click here:
Agreements
Remuneration
The remuneration received by the President of Cesce in 2023 was 171.588 euros as fixed remuneration and 71.396 euros as variable remuneration linked with objectives.
Statistics
Control and monitoring
Cesce is subject to audit by the General State Comptroller and the Court of Auditors.
Click on this link to access the web page of the Court of Auditors to consult the audit reports.
Proveedores
Periodo medio de pago a Proveedores de Cesce, S.A., S.M.E. y de su grupo consolidado.
The procedure for exercising the right of access begins with submitting a request, which must be sent by mail to the Secretariat-General or to the email address [email protected], indicating "Transparency" in the subject.
The request may be submitted by any means that makes it possible to record:
The request may be submitted by any means that makes it possible to record:
- The applicant’s identity.
- The information being requested..
- A contact address, preferably electronic, for the purposes of communication.
- Where appropriate, the preferred manner of accessing the information requested.
Grounds for inadmissibility
1. Applications shall be rejected by reasoned decision:
- That refer to information that is in the process of being drawn up or of general publication.
- Concerning information of an auxiliary or support nature, such as that contained in notes, drafts, opinions, summaries, communications and internal reports or between administrative bodies or entities.
- Concerning information whose disclosure requires prior redrafting.
- Consultations made to Cesce on information in whose possession the information does not exist and the competent party is unknown.
- That are manifestly repetitive or abusive in nature and not justified by the purpose of transparency of Law 19/2013.
- 2. Those that do not comply with the identification requirements in the request for information demanded in the headings for the Request for access and in the Formalisation of the same.
Processing
- If the request refers to information that is not held by the carrier, the carrier shall forward it to the competent authority, if known, and shall inform the applicant of this fact.
- If the request does not sufficiently identify the information, the applicant shall be asked to specify it within ten days, with the indication that, if he fails to do so, he shall be deemed to have withdrawn, and the time limit for issuing a decision shall be suspended.
- If the information requested could affect the rights or interests of third parties, duly identified, they shall be granted a period of fifteen days in which to make such representations as they deem appropriate. The applicant shall be informed of this circumstance, as well as of the suspension of the period for issuing a decision until the allegations have been received or the period for their presentation has elapsed.when the information that is the object of the request, although in the possession of the Company, has been prepared or generated in its entirety or main part by another party, the request shall be sent to the latter so that it may decide on access.
Resolution
- The decision granting or denying access shall be notified to the applicant and to the third parties affected who have so requested within a maximum period of one month from the receipt of the request by the body competent to decide, which may be extended by another month if the volume or complexity of the information requested makes it necessary and after prior notification to the applicant.
- Reasons shall be given for decisions denying access, for decisions granting partial access or access in a form other than that requested, and for decisions granting access when there has been opposition from a third party. In the latter case, the interested party shall be expressly informed that access will only take place when the period provided for in Article 22.2 of Law 19/2013 has elapsed.
- When the mere indication of the existence or non-existence of the information would imply the violation of any of the limits to access, this circumstance shall be indicated when the request is rejected.
- Once the maximum period for a decision has elapsed without an express decision having been issued and notified, it will be understood that the request has been rejected.
Formalising access
- The request for access to information may be submitted (a) by post to Cesce's address or by presentation at an Administration Office in accordance with the form provided for this purpose, in writing addressed to Cesce, bearing the applicant's handwritten signature and duly accrediting his/her identity when acting on behalf of an entity with legal personality, as well as a deed of incorporation or (b) by telematic means (e-mail), provided the request is made using an electronic signature, electronic ID card, electronic certificate or other administratively accepted means, (b) by telematic means (e-mail), to the email address [email protected], indicating "Transparency" in the subject. When access cannot be granted at the time of notification of the decision, it must be granted, in any event, within a period of no more than ten days.
- Access to information shall be free of charge. However, the issuing of copies or the transposition of the information into a format different from the original may give rise to a charge for the cost thereof.
