Clearstream sees success across the board for 2014
14 January 2015 Frankfurt
Image: Shutterstock
Clearstream has released its figures for December and the full year for 2014, reporting a record value of total assets under custody, and increases across its settlement and investment fund services businesses.
In December 2014, the value of assets under custody held on behalf of customers reached a record high of €12.5 trillion, up 5 percent from €12 trillion in December 2013.
Securities under custody in the in Clearstream’s international central securities depository (ICSD) rose to €6.7 trillion, an increase of 7 percent from €6.3 trillion in December 2013.
In the German central securities depository (CSD), securities under custody reached €5.8 trillion, a 2 percent increase from €5.7 trillion in the same period in 2013.
Over the year of 2014, the average value of assets under custody rose by 5 percent to 12.2 trillion, in comparison to 2013’s monthly average of €11.6 trillion.
In the settlement business, December 2014 saw 3.62 million settlement transactions processed through the ICSD, an increase of 11 percent over 2013.
In December, 3.62 million settlement transactions were processed through the ICSD, an increase of 11 percent compared to December 2013, in which 3.25 million were processed.
Of the December 2014 transactions, 82 percent were over-the-counter (OTC) transactions, and 18 percent were through the stock exchange.
On the German domestic market, CSD settlement transactions reached 7.42 million in December 2014, a 21 percent increase on 6.15 million in December 2013.
Of these, 37 percent were OTC transactions, and 63 percent were traded on the stock exchange.
Over the year, Clearstream’s ICSD processed a total of 43.65 transactions, an increase of 6 percent on 2013’s total figure.
The domestic CSD processed 82.68 million settlement transactions over the whole of 2014, a 4 percent increase compared to 79.87 million in 2013.
In investment fund services (IFS), 820,000 transactions were processed in December 2014, a 22 percent increase from 670,000 in December 2013.
In 2014, IFS processed a total of 8.79 million transactions, an jump of 12 percent from 2013’s total of 7.86 million.
Clearstream CEO Jeffrey Tessler, said: "I am pleased to announce that we have closed 2014 with yet another record in assets under custody and excellent figures across all business areas. These results are driven by market recovery and new business attracted in anticipation of TARGET2-Securities (T2S).”
“Our approach is focused on providing customers the best access to T2S and all related benefits, including significant savings in collateral and liquidity management. We have invested heavily in T2S readiness and it is nice to see it pay off. We thank our customers for their trust and will continue to offer them the best service to succeed in 2015."
In October 2014, Clearstream acquired Citco Global Security Services (CGSS) in Cork, however, until all of Citco’s financial institution customers are fully migrated to Clearstream, the net asset volumes involved will not be included in Clearstream’s assets under custody volumes or investment fund transactions. Migration is scheduled for Q1 2014.
In December 2014, the value of assets under custody held on behalf of customers reached a record high of €12.5 trillion, up 5 percent from €12 trillion in December 2013.
Securities under custody in the in Clearstream’s international central securities depository (ICSD) rose to €6.7 trillion, an increase of 7 percent from €6.3 trillion in December 2013.
In the German central securities depository (CSD), securities under custody reached €5.8 trillion, a 2 percent increase from €5.7 trillion in the same period in 2013.
Over the year of 2014, the average value of assets under custody rose by 5 percent to 12.2 trillion, in comparison to 2013’s monthly average of €11.6 trillion.
In the settlement business, December 2014 saw 3.62 million settlement transactions processed through the ICSD, an increase of 11 percent over 2013.
In December, 3.62 million settlement transactions were processed through the ICSD, an increase of 11 percent compared to December 2013, in which 3.25 million were processed.
Of the December 2014 transactions, 82 percent were over-the-counter (OTC) transactions, and 18 percent were through the stock exchange.
On the German domestic market, CSD settlement transactions reached 7.42 million in December 2014, a 21 percent increase on 6.15 million in December 2013.
Of these, 37 percent were OTC transactions, and 63 percent were traded on the stock exchange.
Over the year, Clearstream’s ICSD processed a total of 43.65 transactions, an increase of 6 percent on 2013’s total figure.
The domestic CSD processed 82.68 million settlement transactions over the whole of 2014, a 4 percent increase compared to 79.87 million in 2013.
In investment fund services (IFS), 820,000 transactions were processed in December 2014, a 22 percent increase from 670,000 in December 2013.
In 2014, IFS processed a total of 8.79 million transactions, an jump of 12 percent from 2013’s total of 7.86 million.
Clearstream CEO Jeffrey Tessler, said: "I am pleased to announce that we have closed 2014 with yet another record in assets under custody and excellent figures across all business areas. These results are driven by market recovery and new business attracted in anticipation of TARGET2-Securities (T2S).”
“Our approach is focused on providing customers the best access to T2S and all related benefits, including significant savings in collateral and liquidity management. We have invested heavily in T2S readiness and it is nice to see it pay off. We thank our customers for their trust and will continue to offer them the best service to succeed in 2015."
In October 2014, Clearstream acquired Citco Global Security Services (CGSS) in Cork, however, until all of Citco’s financial institution customers are fully migrated to Clearstream, the net asset volumes involved will not be included in Clearstream’s assets under custody volumes or investment fund transactions. Migration is scheduled for Q1 2014.
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