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Industry news

Clearstream GSF rises 10 percent year-on-year


11 December 2013 Luxembourg
Reporter: Daniel Jackson

Generic business image for news article
Image: Shutterstock
Clearstream has published its monthly figures for November 2013.

The data shows that, for the firm's global securities financing services, the monthly average outstanding reached €602.6 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 10 percent over November 2012 (€549.4 billion).

Domestic German securities held under custody increased by eight percent, from €5.2 trillion in November 2012 to €5.7 trillion in November 2013.

Stefan Lepp, head of global securities financing and member of the Clearstream executive board, said: “We are encouraged by Clearstream’s monthly figures, which show positive developments across all our business areas and another record reached in our assets under custody with €11.9 trillion. In particular, I am delighted with the 10 percent increase in our global securities financing monthly outstanding, which reflects continued interest and confidence in our securities lending and collateral management products.â€

The value of assets under custody held on behalf of customers registered an increase of 7 percent year-on-year to a record €11.9 trillion. Â鶹´«Ã½ held under custody in Clearstream’s international business increased by 6 percent, from €5.9 trillion in November 2012 to €6.3 trillion in November 2013.

In November 2013, 3.47 million international settlement transactions were processed, a ten percent increase over November 2012 when the figure was 3.16 million. Of all international transactions, 82 percent were OTC transactions and 18 percent were registered as stock exchange transactions. On the German domestic market, settlement transactions reached 6.72 million, 12 percent more than in November 2012 (6.01 million). Of these transactions, 65 percent were stock exchange transactions and 35 percent OTC transactions.

For the investment funds services (IFS) division, 0.67 million transactions were processed, a 17 percent increase over November 2012 (0.57 million). At 7.18 million, the year-to-date November 2013 IFS number of transactions processed is 23 percent above the same period last year.
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