Demand drops for Clearstream’s sec finance services
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Demand drops for Clearstream’s sec finance services 10 September 2015Luxembourg Reporter: Drew Nicol
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Post-trade services provider Clearstream experienced a 3 percent drop off for global securities financing (GFS) services last month, falling to €613 billion, according to its August figures.
The combined securities services, which includes securities lending, triparty repo and collateral management, collectively achieved a monthly average outstanding of €591.7 billion.
But Clearstream’s GSF monthly average outstanding has actually increased overall from €597.9 billion to €617.2 billion since the beginning of the year, representing a 3 percent growth.
Overall, Clearstream saw a 25 percent increase in German central securities depository settlement transactions, compared to August 2014.
There was also a 16 percent increase in investment funds transactions compared to August of last year.
The total value of Clearstream’s assets under custody held on behalf of customers registered an increase of 8 percent for August 2015, to €13.2 trillion, compared to €12.2 trillion in August 2014.
There was also a 10 percent increase in securities held under custody in Clearstream’s international business as international central securities depository, representing a rise from €6.5 trillion in August 2014 to €7.2 trillion for the same time this year.
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