Clearstream: Business stream 1: Custody
In April 2015, the overall value of assets under custody held on behalf of customers registered an increase of 10 percent to EUR 13.3 trillion (compared to EUR 12.1 trillion in April 2014).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 11 percent from EUR 6.4 trillion in April 2014 to EUR 7.1 trillion in April 2015.
Securities held under custody in the German central securities depository (CSD) increased by 10 percent from EUR 5.7 trillion in April 2014 to EUR 6.3 trillion in April 2015.
For the period year-to-date April 2015, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by 10 percent compared to the same period last year (YTD April 2015: EUR 13.2 trillion; YTD April 2014: EUR 12.1 trillion).
Business stream 2: Settlement
In April 2015, 3.8 million international (ICSD) settlement transactions were processed, a 6 percent increase over April 2014 (3.6 million). Of all international transactions, 82 percent were OTC transactions and 18 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in April 2015 reached 7.7 million, 18 percent more than in April 2014 (6.5 million). Of these transactions, 64 percent were stock exchange transactions and 36 percent OTC transactions.
For the period year-to-date April 2015, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 13 percent compared to the same period last year (YTD April 2015: 48.8 million; YTD April 2014: 43.2 million). The Investment Fund Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 21 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in April 2015 reached EUR 628.4 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 7 percent over April 2014 (EUR 589.8 billion).
The GSF monthly average outstanding has grown by 8 percent from the period year-to-date April 2014 (EUR 582.5 billion) to the period year-to-date April 2015 (EUR 628.4 billion).
Business stream 4: Investment Fund Services
Investment Fund Services (IFS) processed 0.9 million transactions in April 2015, a 26 percent increase over April 2014 (0.7 million).
IFS transactions have grown by 21 percent from 2.9 million processed in the period year-to-date April 2014 to 3.5 million in the period year-to-date April 2015.
As of 3 October 2014 Clearstream owns CGSS Ltd in Cork, Ireland, providing hedge fund trade execution and fund custody processing services for financial institutions. Until Citco Bank’s financial institution customers have fully migrated to Clearstream (planned for Q3/2015), the involved asset volumes are still serviced on behalf of Citco Bank and will neither be fully included in Clearstream’s assets under custody volumes nor be included in the number of investment fund transactions.
Mathias Papenfuß, Head of Operations and Member of the Clearstream Executive Board, commented: "TARGET2-Securities is just around the corner and the industry is in a very complex transition phase. In addition, regulatory challenges increase the pressure on customers and bind their resources. Clearstream is a very reliable partner with a comprehensive portfolio of services designed to relieve this burden and our April figures are further proof that our customers appreciate this offering. The next few months will be transformational for the industry and we look forward to supporting our customers going forward."
