Clearstream sees GSF drop-off in February
15 March 2017 Frankfurt
Image: Shutterstock
Clearstream’s global securities financing (GSF) volume outstanding fell by 8 percent in February.
Volume dropped to €489.4 billion last month from €532.7 billion the same time last year.
Year-to-date volume also fell by 6 percent, compared to 2016. Average outstanding volume hit €492.2 billion so far this year, down from €526.3 billion.
The drop off in volume was attributed to the ongoing asset purchase programme of the European Central Bank, which was extended in December 2016 to now run until December 2017.
Volume dropped to €489.4 billion last month from €532.7 billion the same time last year.
Year-to-date volume also fell by 6 percent, compared to 2016. Average outstanding volume hit €492.2 billion so far this year, down from €526.3 billion.
The drop off in volume was attributed to the ongoing asset purchase programme of the European Central Bank, which was extended in December 2016 to now run until December 2017.
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