Increases across the board for Clearstream 12 August 2014Frankfurt Reporter: Stephen Durham
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In July 2014, the overall value of assets under custody held on behalf of Clearstream customers registered an increase of 6 percent to €12.2 trillion, compared to €11.5 trillion in July 2013.
Securities held under custody in Clearstream’s international business as International Central Securities Depository (ICSD) increased by 7 percent from €6.1 trillion in July 2013 to €6.5 trillion in July 2014.
Securities held under custody in the German central securities depository (CSD) increased by 5 percent from €5.4 trillion in July 2013 to €5.7 trillion in July 2014.
For the period year-to-date July 2014, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by 5 percent compared to the same period in 2013.
Growing industry demand for Global Securities Financing (GSF) services has caused Clearstream’s monthly average outstanding to increase to €619.5 billion for the month of July 2014.
The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 8 percent over July 2013, which stood at €575.1 billion.
Investment Funds Services (IFS) processed 0.75 million transactions in July 2014, a 13 percent increase over July 2013 (0.67 million).
IFS transactions have grown by 10 percent from 4.62 million processed in July 2013 to 5.06 million in July 2014.
Stefan Lepp, head of GSF at Clearstream, commented: "The 8 percent increase in our [GSF] services in July shows that the ever-growing need for capital and collateral management continues to be a primary concern for our customers.”
In July 2014, 3.7 million ICSD settlement transactions were processed, a 5 percent increase over July 2013 (3.5 million). Of all international transactions, 85 percent were OTC transactions and 15 percent were registered as stock exchange transactions.
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