In April 2013, the value of assets under custody held on behalf of customers registered an increase of 4 percent to EUR 11.6 trillion (compared to EUR 11.1 trillion in April 2012). Securities held under custody in Clearstream’s international business increased by 3 percent from EUR 6.0 trillion in April 2012 to EUR 6.1 trillion in April 2013 – while domestic German securities held under custody increased by 6 percent from EUR 5.1 trillion in April 2012 to EUR 5.4 trillion in April 2013.
In April 2013, 3.5 million international settlement transactions were processed, a 14 percent increase over April 2012 (3.1 million). Of all international transactions, 85 percent were OTC transactions and 15 percent were registered as stock exchange transactions. On the German domestic market, settlement transactions reached 6.7 million, 12 percent more than in April 2012 (6.0 million). Of these transactions, 65 percent were stock exchange transactions and 35 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstanding reached EUR 583.8 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 2 percent over April 2012 (EUR 570.7 billion). At EUR 568.0 billion, the year-to-date April 2013 GSF monthly average outstanding is 3 percent below the same period last year (year-to-date April to April 2012: EUR 584.0 billion).
In the Investment Funds Services (IFS), 0.66 million transactions were processed, a 45 percent increase over April 2012 (0.45 million). At 2.6 million, the year-to-date April 2013 IFS number of transactions processed is 29 percent above the same period last year (year-to-date April to April 2012: 2.0 million).
Commentary:
Commenting on the company’s asset balance, Philip Brown, Head of Client Relations Europe and Americas and Member of the Executive Board of Clearstream, said: “Custody is our core business and hence these April 2013 figures are very encouraging. Our assets under custody since the beginning of the year show a positive trend and after already hitting a record peak in March 2013, we have reached a new historical high of EUR 11.6 trillion at end April. The drivers of this positive trend include new customer mandates and growth of existing portfolios. Despite the continuing difficult market conditions, these figures offer us confidence that our business strategy is taking us and our clients in the right direction.”
