Clearstream reports increases across the board 12 November 2014Frankfurt Reporter: Stephanie Palmer
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Clearstream has released its monthly results for October, reporting €12.3 trillion in assets under custody, and a 20 percent increase in investment fund transactions, compared to 2013.
The value of assets under custody rose 4 percent from €11.8 trillion in October 2013.
Securities held under custody in the international central securities depository (ICSD) amounted to €6.6 trillion, a 6 percent increase from €6.2 trillion in 2013. The German central securities depository (CSD) reached €5.7 trillion, an increase of 2 percent from last October’s figure of €6.6 trillion.
For the period year-to-date, combined domestic and international assets under custody reached €12.2 trillion, a 5 percent rise from the same period of 2014, which saw a year-to-date figure of €11.6 trillion.
Clearstream processed 4 million ICSD settlement transactions; a rise of 9 percent from last October’s 3.7 million. Of these, 84 percent were over-the-counter (OTC) transactions, and 16 were on the stock exchange.
In contrast, it made 8.1 million German CSD settlement transactions, an 18 percent rise from 6.8 million in 2013. OTC transactions accounted for 37 percent of these, and 63 percent were stock exchange transactions.
Year to date, the combined German and international CSDs made 105.3 million transactions, an increase of 4 percent from 101.4 million in the same period in 2013.
The investment funds services contributed to this growth in the ICSD business, with its corresponding transactions registering a 12 percent increase.
Investment funds services processed 0.8 million transactions in October, with a year-to-date figure of 7.3 million. This represents a rise of 20 percent from last October’s total of 0.7 million, and a year-to-date rise of 12 percent from 6.5 million in 2013.
On 3 October, Clearstream acquired CGSS in Cork, in a move towards providing hedge fund trade execution and fund custody processing for financial institutions.
It is also nearing the final stages of acquiring Citco, whose customers should be fully migrated to Clearstream in Q1 2015. Until then, asset volumes controlled on behalf of Citco and corresponding investment fund transactions will not be included in Clearstream’s monthly figures.
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