Clearstream has released its figures for September 2014, showing continued growth across the board.
Compared to the same month in 2013, overall assets held for customers increased by 5 percent, rising from €11.7 trillion to €12.3 trillion.
Of this, €6.6 trillion came from the international central securities depository (ICSD) and €5.5 trillion was held under custody for the accounted for the German CSD.
For the period year-to-date, asset values were also up 5 percent from €11.5 trillion to €12.1 trillion.
CSD settlement transactions saw a 2 percent increase, with 62 percent of the 6.4 million transactions occurring through stock exchanges.
In contrast, ICSD transactions were up 13 percent to 3.6 million, and 84 percent of these were over-the-counter (OTC) transactions rather than through stock exchanges.
This means a year-to-date combined increase of 3 percent from 90.9 million to 93.2 million transactions. The increase in international transactions in particular has been attributed in part to the investment funds services business, which registered an 11 percent rise in its corresponding transactions.
The investment fund service processed 700,000 transactions, a 21 percent increase on last year’s 600,000. Year-to-date figures rose from 5.8 million to 6.5 million, an increase of 11 percent.
Clearstream’s global securities financing (GSF) services reported a monthly average outstanding of €632.2 billion, an increase of 10 percent on last year’s figure of €575.2 billion.
The year-to-date figure for average monthly outstanding rose 5 percent from €571.3 billion in 2013 to €601.7 billion in 2014.
Philip Brown, head of global client relations and member of the executive board, pointed to an industry shift towards mobilisation and “regulatory readiness”, saying that Clearstream is working on solutions for the many challenges facing clients.
He said: “Our customers tell us they are no longer looking for concepts; rather, they want concrete solutions for EMIR compliance, migration to Target2-Securities, and support for their increased capital and liquidity needs.”
With regards to the reported growth, he added: “The fact that our clients continue to entrust us with a greater proportion of their business, as evidenced by our growing volumes across the board, is a great vote of confidence that we are a reliable partner—and encourages us to continue to deliver those solutions that clients tell us they need.”
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