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Industry news

Clearstream announces October 2013 figures


08 November 2013 Luxembourg
Reporter: Daniel Jackson

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Image: Shutterstock
Clearstream has €11.8 trillion in assets under custody, a new record peak for the company.

For global securities financing services, the monthly average outstanding reached €578.7 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 5 percent over October 2012. At €572.1 billion, the year-to-date October 2013 monthly average outstanding is stable compared to the same period last year.

In October 2013, the value of assets under custody held on behalf of customers registered an increase of 6 percent, while securities held under custody in Clearstream’s international business increased by 5 percent.

The firm processed 3.68 million international settlement transactions, a 4 percent increase over the previous year. Of all international transactions, 84 percent were OTC transactions and 16 percent were registered as stock exchange transactions.

On the German domestic market, settlement transactions reached 6.84 million, 9 percent more than the previous year. Of these transactions, 64 percent were stock exchange transactions and 36 percent OTC transactions.

Philip Brown, head of global client relations and member of the executive board of Clearstream, said: “All our business areas are showing very encouraging developments and we are pleased to have reached another record peak in assets under custody.â€
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