Clearstream sees GSF drop-off in February 15 March 2017 Frankfurt Reporter: Drew Nicol
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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.
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