Clearstream鈥檚 July GSF creeps up
09 August 2013 Frankfurt
Image: Shutterstock
Clearstream鈥檚 global securities financing (GSF) services experienced a monthly average outstanding of 鈧�575.1 billion in July.
The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 2 percent over July 2012 (鈧�563.7 billion).
At 鈧�572.0 billion, the year-to-date July 2013 GSF monthly average outstanding was 2 percent below the same period last year (year-to-date July 2012 was 鈧�582.5 billion).
Stefan Lepp, head of GSF and member of the executive board of Clearstream, said: 鈥淭he European Central Bank鈥檚 long-term refinancing operation has given the market access to cheap liquidity which is why the GSF monthly average outstandings are slightly lower than at the beginning of the year.鈥�
鈥淒espite the monetary policy intervention, which is a temporary phenomenon, our outstandings are 2 percent above July 2012 levels, which shows that we are well on track.鈥�
The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 2 percent over July 2012 (鈧�563.7 billion).
At 鈧�572.0 billion, the year-to-date July 2013 GSF monthly average outstanding was 2 percent below the same period last year (year-to-date July 2012 was 鈧�582.5 billion).
Stefan Lepp, head of GSF and member of the executive board of Clearstream, said: 鈥淭he European Central Bank鈥檚 long-term refinancing operation has given the market access to cheap liquidity which is why the GSF monthly average outstandings are slightly lower than at the beginning of the year.鈥�
鈥淒espite the monetary policy intervention, which is a temporary phenomenon, our outstandings are 2 percent above July 2012 levels, which shows that we are well on track.鈥�
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