The Peninsulares

The Peninsulares were all born in the Iberian peninsual. 'Any individuals of Spanish decent' is wrong because those of Spanish decent born in the Philippines were called 'creoles' (see next question).

Offices of the Americas and Philippines were held by peninsulares. Apart from the distinction of peninsulares from criollos, the castas system distinguished also mestizos (of mixed Spanish and Amerindian ancestry), mulatos (of mixed Spanish and black ancestry), indios, zambos (mixed Amerindian and black ancestry) and finally blacks. In some places and times, such as during the wars of independence, peninsulares were called deprecatively godos (for the "Visigoths," who had ruled Spain), or in Mexico, gachupines or gauchos.

Source: Wikipedia