Sunny June for Clearstream custody and settlement
15 July 2015 Frankfurt
Image: Shutterstock
Clearstream has seen increases across the board in its June figures, including a 10 percent increase in assets under custody, year-to-date, and a 12 percent increase in settlement transactions.
In June, total assets under custody reached €13.4 trillion, an increase of 9 percent compared to €12.3 trillion in the same month last year.
Securities under custody in the international central securities depository (ICSD) increased by 11 percent from €6.5 trillion in June 2014 to €7.2 trillion in June 2015. Those held in the domestic German CSD increased by 7 percent from €5.8 trillion to €6.2 trillion.
Year-to-date for 2015, the combined value of assets under custody in both the ICSD and domestic CSD increased by 10 percent compared to the same period last year, from €12.1 trillion to €13.3 trillion in 2015.
The ICSD processed 3.8 million settlement transactions, a 4 percent increase on June 2014’s total of 3.6 million. Of these, 85 percent were over-the-counter transactions, and 15 percent were registered as stock exchange transactions.
Settlements on the domestic CSD reached 7.6 million in June 2015, a 20 percent increase from 6.3 million in June 2014. Of these, 37 percent were OTC transactions, and 63 percent were on the stock exchange.
Year-to-date June 2015, combined settlement transactions processed reached 71 million, a 12 percent increase on the same period last year, which totalled 63.4 million transactions.
This growth was exacerbated by the investment fund services (IFS) business, which saw corresponding transactions increase by 19 percent, from 4.3 million transactions year-to-date June 2014 to 5.1 million in the same period in 2015.
In June, IFS transactions reached 800,000 transactions, a 17 percent increase on the 700,000 seen in June last year.
Berthold Kracke, a member of Clearstream’s executive board and head of business management, commented: "June was a special month in the post-trade industry. After years of preparation, TARGET2-Securities finally went live. The pan-European settlement platform will transform our business model and it is our duty to make this ongoing transition smooth for our customers.”
He added: “The good performance in June encourages us to stay at the forefront when it comes to giving our customers the top service they deserve."
In June, total assets under custody reached €13.4 trillion, an increase of 9 percent compared to €12.3 trillion in the same month last year.
Securities under custody in the international central securities depository (ICSD) increased by 11 percent from €6.5 trillion in June 2014 to €7.2 trillion in June 2015. Those held in the domestic German CSD increased by 7 percent from €5.8 trillion to €6.2 trillion.
Year-to-date for 2015, the combined value of assets under custody in both the ICSD and domestic CSD increased by 10 percent compared to the same period last year, from €12.1 trillion to €13.3 trillion in 2015.
The ICSD processed 3.8 million settlement transactions, a 4 percent increase on June 2014’s total of 3.6 million. Of these, 85 percent were over-the-counter transactions, and 15 percent were registered as stock exchange transactions.
Settlements on the domestic CSD reached 7.6 million in June 2015, a 20 percent increase from 6.3 million in June 2014. Of these, 37 percent were OTC transactions, and 63 percent were on the stock exchange.
Year-to-date June 2015, combined settlement transactions processed reached 71 million, a 12 percent increase on the same period last year, which totalled 63.4 million transactions.
This growth was exacerbated by the investment fund services (IFS) business, which saw corresponding transactions increase by 19 percent, from 4.3 million transactions year-to-date June 2014 to 5.1 million in the same period in 2015.
In June, IFS transactions reached 800,000 transactions, a 17 percent increase on the 700,000 seen in June last year.
Berthold Kracke, a member of Clearstream’s executive board and head of business management, commented: "June was a special month in the post-trade industry. After years of preparation, TARGET2-Securities finally went live. The pan-European settlement platform will transform our business model and it is our duty to make this ongoing transition smooth for our customers.”
He added: “The good performance in June encourages us to stay at the forefront when it comes to giving our customers the top service they deserve."
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