Clearstream reports record assets under custody
12 December 2014 Frankfurt
Image: Shutterstock
Clearstream has seen a record peak in its assets under custody, increasing 4 percent year-to-date from 2013 to reach €12.4 trillion.
In its November figures, Clearstream also announced that securities held under custody for its international business, in the international central securities depository (ICSD) increased by 6 percent to €6.6 trillion, compared to €6.3 trillion in November 2013.
Securities help under custody in the German central securities depository (CSD) increased by 3 percent to €5.8 trillion, compared to €5.7 trillion in November 2013.
The combined value of assets under custody year-to-date increased by 5 percent compared to the same period in 2013, rising from €11.6 trillion to €12.2 trillion.
In its settlement business, ICSD transactions decreased by 4 percent from 3.5 million in November 2013 to 3.3 million in 2014. Of these, 83 percent were over-the-counter (OTC) transactions, and 17 percent were registered on the stock exchange.
On the domestic market, CSD settlement transactions decreased by 1 percent compared to November 2013, reaching 6.7 million. Of these, 63 percent were registered on the stick exchange and 37 percent were OTC transactions.
On a year-to-date basis, however, combined transactions increased by 3 percent, reaching 115.3 million compared to 111.6 million in the same period in 2013.
This is partly attributed to the investment fund services (IFS) business, which processed 690 thousand transactions in November, a 3 percent increase on its November 2013 total of 670 thousand.
Year-to-date, IFS transactions increased by 11 percent from 7.2 percent in 2013 to 8 million in 2014.
On 3 October 2014, Clearstream acquired Cork-based CGSS Ltd, and can now provide hedge fund execution and fund custody processing services.
Clearstream has also acquired Citco Bank’s financial institution customers, but until they are fully migrated to the Clearstream systems, asset volumes and transactions will not be included in its figures. Migration is planned for Q1 2015.
Berthold Kracke, Clearstream head of business management and member of the executive board, said: "The new record peak in our assets under custody is a much appreciated mark of confidence from our customers and proves that Clearstream offers financial institutions and corporates the right portfolio of services they need to succeed.”
“We will continue to improve our offering and be a reliable partner for our customers in all areas, from contributing to the internationalisation of the Renminbi - for example, we started to offer settlement and custody for China A-shares in November - to our roadmap towards TARGET2-Securities."
In its November figures, Clearstream also announced that securities held under custody for its international business, in the international central securities depository (ICSD) increased by 6 percent to €6.6 trillion, compared to €6.3 trillion in November 2013.
Securities help under custody in the German central securities depository (CSD) increased by 3 percent to €5.8 trillion, compared to €5.7 trillion in November 2013.
The combined value of assets under custody year-to-date increased by 5 percent compared to the same period in 2013, rising from €11.6 trillion to €12.2 trillion.
In its settlement business, ICSD transactions decreased by 4 percent from 3.5 million in November 2013 to 3.3 million in 2014. Of these, 83 percent were over-the-counter (OTC) transactions, and 17 percent were registered on the stock exchange.
On the domestic market, CSD settlement transactions decreased by 1 percent compared to November 2013, reaching 6.7 million. Of these, 63 percent were registered on the stick exchange and 37 percent were OTC transactions.
On a year-to-date basis, however, combined transactions increased by 3 percent, reaching 115.3 million compared to 111.6 million in the same period in 2013.
This is partly attributed to the investment fund services (IFS) business, which processed 690 thousand transactions in November, a 3 percent increase on its November 2013 total of 670 thousand.
Year-to-date, IFS transactions increased by 11 percent from 7.2 percent in 2013 to 8 million in 2014.
On 3 October 2014, Clearstream acquired Cork-based CGSS Ltd, and can now provide hedge fund execution and fund custody processing services.
Clearstream has also acquired Citco Bank’s financial institution customers, but until they are fully migrated to the Clearstream systems, asset volumes and transactions will not be included in its figures. Migration is planned for Q1 2015.
Berthold Kracke, Clearstream head of business management and member of the executive board, said: "The new record peak in our assets under custody is a much appreciated mark of confidence from our customers and proves that Clearstream offers financial institutions and corporates the right portfolio of services they need to succeed.”
“We will continue to improve our offering and be a reliable partner for our customers in all areas, from contributing to the internationalisation of the Renminbi - for example, we started to offer settlement and custody for China A-shares in November - to our roadmap towards TARGET2-Securities."
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