DescriptionMonthly, quarterly or annual declarations by resi-dents in Spain on economic transactions and the balances of financial assets and liabilities abroad based on the requirements of Circular No. 4/2012 by the Bank of Spain (BdE - Banco de España) of 25th April.

Target publicAny natural or legal person (public or private) resi-ding in Spain, other than providers ofpayment services (credit institutions and payment institutions) registered on the Bank of Spain's of-ficial registers, who carry out transactionswith non-residents or hold assets or liabilities ab-road.

When?This should be reported no later than twenty days after the end of each calendar month.

PeriodicityMonthly, quarterly or annually, depending on the amounts from the previous year with regard to tran-sactions or balances of financial assets and liabili-ties: above €300M, between €300M and €100M or less than €100M.

How?The declarations must be submitted with detailed information using the technical applications of the Circular 4/2012 in either of its two formats:

• PDF: manually completing the form available on the Bank of Spain webpage.

• XML: electronic format.

Functionality and advantages of the solution• All the data are centralized in SAP ECC.

• Data not available in SAP are imported using an Excel template.

• Confirmations during the data uploading phase.

• Control of the limits applied by the Bank of Spain.

• Selection of reports by company, date and dec-laration periodicity type: monthly, quarterly, an-nually and annual summary.

• Automatic generation of the XML file to be sent to the Bank of Spain.

BANK OF SPAINETE Form Circular 4/2012

Submission by Residents in Spain of Declarations on Economic Transactions and the Balances of Economic Assets and Liabilities Abroad

• Case study and solution customized for each client.

• Detailed logs and error messages both for uploading external data and generating the XML file. The logs enable locating possible for-mat errors and insufficient compulsory data, saving time and resources in the analysis of the data to be submitted to the Bank of Spain.

• Solution support based on the monitoring and updating of the standard in force using spe-cia-lized services for the maintenance of SAP, with remote support in real time and with the possibility of direct connection to the SAP systems.

Compliance• Sending of the report directly in the official for-

mat requested by the Bank of Spain: XML.

• Checks and confirmations according to the requirements of the Bank of Spain.

Updating and main features of the support/main-tenance• Updating and constant support for the evolution

of the product based on possible changes to the standard in force.

• Updates according to the system used by SAP through the installation of service packs (HP).

• Access to our client area where, in addition to the user manuals, both the installation instruc-tions for updates and changes to the standard in force are available.

Company profileCOMPIRICUS AG is company which offers in-house solutions based on SAP software on an international level, specializing in consultancy both in the financial area and in the management of assets and financial risks. It is a company created by a team of expert consultants with experience in treasury.

The implementation services are always executed locally to guarantee better quality, paying attention to innovative aspects in the development of tech-nological solutions and processes. Thanks to our proximity, we adapt to your needs and meet the de-mands of a constantly changing market. For several years, our knowledge of the sector has symbolized a unique reality in Spain on the reference market.

COMPIRICUS AGKasernenstr. 2740213 Düsseldorf+49 (0) 211 649 49 318

sales@compiricus.com - www.compiricus.com