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Fund services news

Clearstream sees slight April upticks


22 May 2016 London
Reporter: Stephanie Palmer

Generic business image for news article
Image: Shutterstock
Clearstream reached total assets under custody of €13.37 trillion in April 2017, marking a 3 percent increase on the same month last year.

According to Clearstream’s monthly figures report, assets under custody increased from the €13.03 trillion recorded in April 2016.

Year-to-date, as of 22 May 2017, assets under custody also saw an increase, reaching €13.44 trillion, 4 percent more than the €12.97 trillion seen in the same period in 2016.

In its domestic central securities depository (CSD) business, Clearstream recorded 6.5 million securities transactions totalling €4.46 trillion.

This represents a 3 percent increase in the number of transactions, compared to 6.4 million in April last year, but only a 1 percent increase in the value of transactions, which totalled 4.41 trillion last year.

Year-to-date, domestic transactions saw a 5 percent increase, reaching 28.2 million as of 22 May 2017, compared to 26.8 trillion in the same period last year. Again, the value of transactions saw a smaller increase of 2 percent, year-to-date, increasing from 4.43 trillion to 4.5 trillion.

In its international CSD (ICSD) business, Clearstream recorded an 8 percent increase in the number of securities transactions, from 2.9 million in April 2016 to 3.1 million in April 2017. However, the value of transactions remained steady at around €6.74 trillion.

Year-to-date, the number of transactions recorded by the ICSD leapt by 24 percent, from 11.5 million in 2016 to 14.3 million in 2017. Again, however, the value of these transactions saw only a 1 percent increase, from €6.7 trillion to €6.8 trillion.

The investment fund services business also saw significant increases in the number of transactions processed. Transactions in April increased by 15 percent from 1.5 million in April 2016 to 1.7 million in April 2017, while the value of the transactions increased by 16 percent from €1.88 trillion to €2.17 trillion.

Year-to-date, the investment fund services business saw a 25 percent increase in the number of securities transactions, reaching 7.5 million, compared to 6 million in the same period last year. The value of these transactions reached €2.15 trillion year-to-date, marking a 16 percent increase on the same time last year.

Finally, Clearstream’s global securities financing volume outstanding saw a drop of 13 percent for April 2017, and of 10 percent, year-to-date. In April 2017, volume outstanding was €460.2 billion, compared to €530.1 billion in the same month in 2016.

Since February, Clearstream has transferred to TARGET2-Securities (T2S) pan-European securities settlement platform, and now processes all German settlement volume solely through T2S.
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