Finance

CORES is a non-profit public law corporation, an independent legal entity governed by private law. Due to its legal status, it has no share capital.

CORES’ income consists basically of the fees paid by its members and the rest of the entities obliged to maintain minimum security stocks. They pay monthly or annual fees based on their sales or consumption. These contributions are made in accordance with the fees applicable to each product, which are calculated based on the projected costs for CORES’ activity for the year, approved by a Ministerial Order of the Ministry for the Ecological Transition and the Demographic Challenge.

The needs of asset financing are covered with outside resources from the financial markets, the two main sources being bilateral loans with financial entities and issues of obligations or bonds.