Clearstream improves again 14 May 2014Frankfurt Reporter: Stephen Durham
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Clearstream have surpassed their 2013 results by posting increases for the year ending April 2014, with the monthly average outstanding for Global Securities Financing (GSF) reaching €589.8 billion.
The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 1 percent over April 2013 to €583.8 billion.
The GSF monthly average outstanding has also seen growth by 3 percent from the period year-to-date April 2013 (€568.0 billion) to the period year-to-date April 2014 (€582.5 billion).
Clearstream’s overall value of assets under custody held on behalf of customers registered an increase of 5 percent to €12.1 trillion, compared to €11.6 trillion in April 2013.
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 4 percent from €6.1 trillion in April 2013 to €6.4 trillion in April 2014.
Securities held under custody in the German central securities depository (CSD) increased by 5 percent from €5.4 trillion in April 2013 to €5.7 trillion in April 2014.
For the period year-to-date April 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 7 percent compared to the same period in 2013.
The investment funds services business contributed to this growth in the ICSD business as its corresponding transactions registered a 13 percent increase.
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