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Clearstream GSF rises 3 percent


11 April 2014 Frankfurt
Reporter: Georgina Lavers

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Image: Shutterstock
Clearstream’s March 2014 figures saw a continued peak of assets under custody at €12.1 trillion, and significant growth across all four Clearstream business streams of custody, settlement, global securities financing, and investment funds services.

In the month, the overall value of assets under custody held on behalf of customers registered an increase of 5 percent to €12.1 trillion (compared to €11.5 trillion in March 2013).

Â鶹´«Ã½ held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 3 percent from €6.2 trillion in March 2013 to €6.4 trillion in March 2014.

Â鶹´«Ã½ held under custody in the German central securities depository (CSD) increased by 6 percent from €5.4 trillion in March 2013 to €5.7 trillion in March 2014.

For the period year-to-date March 2014, the combined value of assets under custody in the German domestic central securities depository and global international central securities depository business increased by 6 percent compared to the same period last year.

In March 2014, 3.86 million international (ICSD) settlement transactions were processed, a 15 percent increase over March 2013 (3.37 million). Of all international transactions, 81 percent were OTC transactions and 19 percent were registered as stock exchange transactions.

For the period year-to-date March 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 9 percent compared to the same period last year (YTD March 2014: 33.14 trillion; YTD March 2013: 30.30 million). The Investment Funds Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 16 percent increase.

For global securities financing (GSF) services, the monthly average outstanding in March 2014 reached €587 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 2 percent over March 2013.

The GSF monthly average outstanding has grown by 3 percent from the period year-to-date March 2013 to the period year-to-date March 2014.

Investment funds services (IFS) processed 0.74 million transactions in March 2014, a 15 percent increase over March 2013 (0.65 million).

IFS transactions have grown by 16 percent from 1.93 million processed in the period year-to-date March 2013 to 2.24 million in the period year-to-date March 2014.

Philippe Seyll, head of investment funds services at Clearstream, said: “Our March 2014 year-to-date assets under custody business figure, which includes asset wins in the ICSD investment funds stream, is up 6 percent compared to the same period last year. On the ICSD investment funds side alone, after an already strong 2013, our March 2014 year-to-date figure for the number of transactions processed is 16 percent higher compared to the same period last year.â€
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