Cleartstream has seen lacklustre results for February 2016, with assets under custody remaining on par with last year, overall.
For February 2016, Clearstream recorded an overall value of assets under custody of €12.9 trillion, marking a slight 2 percent dip compared to February 2015, which registered €13.2 trillion.
Securities held under custody in the international central securities depository (ICSD) saw a 3 percent increase, registering a total of €7.1 trillion, compared to €6.9 trillion in February last year.
However, securities held in the domestic German central securities depository (CSD) decreased by 7 percent from €6.2 trillion in February 2015 to €5.8 trillion in February 2016.
Year-to-date 2016, the combined value of assets under custody in the CSD and ICSD businesses has seen no significant change compared to the same period in 2015, remaining at around €13 trillion.
For February 2016, Clearstream processed 3.7 million ICSD settlement transactions, 6 percent less than in February last year, which saw 3.9 million transactions processed. The majority of the transactions, 84 percent, were over-the-counter (OTC), while 16 percent were registered as stock exchange transactions.
The domestic CSD processed 7.9 million transactions, marking a 2 percent increase on February 2015’s total of 7.8 million. Of these, 35 percent were OTC transactions and 65 percent were registered on the stock exchange.
For 2016 year-to-date, the number of settlement transactions, combining the domestic and international CSDs and including both OTC and stock exchange transactions, reached 22.2 million. This represents a 6 percent dip compared to the same period in 2015, when 23.5 million transactions were processed.
The investment fund services (IFS) business also saw an 11 percent dip in the numbers of transactions processed in February. It saw 750,000 transactions last month, compared to 850,000 in February 2015.
Year-to-date 2016, IFS transactions totalled 1.5 million transactions, marking a 12 percent dip on the same period in 2015, which registered 1.7 million transactions.
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