Bumper April for Clearstream 13 May 2015Frankfurt Reporter: Stephen Durham
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In April 2015, the overall value of assets under custody held on behalf of Clearstream customers registered an increase of 10 percent to €13.3 trillion (compared to €12.1 trillion in April 2014).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) rose by 11 percent from €6.4 trillion in April 2014 to €7.1 trillion in April 2015.
Those securities held under custody in the German central securities depository (CSD) increased by 10 percent from €5.7 trillion in April 2014 to €6.3 trillion in April 2015.
For the period year-to-date April 2015, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by 10 percent compared to the same period in 2014.
Also in April 2015, 3.8 million ICSD settlement transactions were processed, a 6 percent increase over the April 2014 total of 3.6 million. Of all international transactions, 82 percent were over-the-counter transactions and 18 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in April 2015 reached 7.7 million, 18 percent more than in April 2014. Of these, 64 percent were stock exchange transactions and 36 percent over-the-counter transactions.
For the period year-to-date April 2015, the number of settlement transactions processed for the German domestic CSD and global ICSD business combined increased by 13 percent compared to the same period in 2014.
The monthly average outstanding for Clearstream’s Global Securities Financing (GSF) services reached €628.4 billion in April 2015.
The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 7 percent over the April 2014 total of €589.8 billion.
The GSF monthly average outstanding has grown by 8 percent since the same date in April 2014, when it stood at €582.5 billion.
Finally, Clearstream’s Investment Fund Services (IFS) processed 900,000 transactions in April 2015, a 26 percent increase over the April 2014 total of 700,000.
IFS transactions have grown by 21 percent from 2.9 million processed in the period year-to-date April 2014 to 3.5 million in the period year-to-date April 2015.
Mathias Papenfuß, head of operations and member of the Clearstream board, commented: “TARGET2-Securities is just around the corner and the industry is in a very complex transition phase. In addition, regulatory challenges increase the pressure on customers and bind their resources.”
“Clearstream is a very reliable partner with a comprehensive portfolio of services designed to relieve this burden and our April figures are further proof that our customers appreciate this offering.
“The next few months will be transformational for the industry and we look forward to supporting our customers going forward.”
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