Clearstream GSF volume outstanding dips to €542 billion for January
21 February 2023 Luxembourg, Clearstream
Image: AdobeStock/nmann77
Clearstream’s global securities finance business for January was slightly down on January 2021 in terms of volume outstanding, contracting two per cent year-on-year to €542.4 billion.
However, assets under custody in Clearstream were slightly up year-on-year, rising one per cent to €17,002 billion.
The company’s Luxembourg-based ICSD business also grew relative to 12 months previously, with transaction volume processed rising eight per cent YoY for January 2023 to 6.4 million and securities held on deposit climbing five per cent to €7,973 billion.
January was less fruitful for the CSD business — embracing Clearstream Banking Frankfurt and Clearstream Banking Luxembourg CSD activities — with aggregate transaction volumes down 11 per cent to 14.5 million YoY and securities on deposit shrinking slightly to €5,839 billion, one per cent down on January 2022.
The Investment Fund Services business has contributed strongly to Clearstream’s revenue stream in recent times, but experienced a seven per cent contraction YoY for January in securities held on deposit to €3,189 billion. Transaction flow processed through this collective investments and ETF division was down 13 per cent YoY for January to 3.7 million.
However, assets under custody in Clearstream were slightly up year-on-year, rising one per cent to €17,002 billion.
The company’s Luxembourg-based ICSD business also grew relative to 12 months previously, with transaction volume processed rising eight per cent YoY for January 2023 to 6.4 million and securities held on deposit climbing five per cent to €7,973 billion.
January was less fruitful for the CSD business — embracing Clearstream Banking Frankfurt and Clearstream Banking Luxembourg CSD activities — with aggregate transaction volumes down 11 per cent to 14.5 million YoY and securities on deposit shrinking slightly to €5,839 billion, one per cent down on January 2022.
The Investment Fund Services business has contributed strongly to Clearstream’s revenue stream in recent times, but experienced a seven per cent contraction YoY for January in securities held on deposit to €3,189 billion. Transaction flow processed through this collective investments and ETF division was down 13 per cent YoY for January to 3.7 million.
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