Clearstream: Business stream 1: Custody
In January 2015, the overall value of assets under custody held on behalf of customers registered an increase of 7 percent to EUR 12.8 trillion (compared to EUR 12.0 trillion in January 2014).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 8 percent from EUR 6.3 trillion in January 2014 to EUR 6.8 trillion in January 2015.
Securities held under custody in the German central securities depository (CSD) increased by 6 percent from EUR 5.6 trillion in January 2014 to EUR 6.0 trillion in January 2015.
Business stream 2: Settlement
In January 2015, 3.8 million international (ICSD) settlement transactions were processed, a 3 percent decrease over January 2014 (3.9 million). Of all international transactions, 80 percent were OTC transactions and 20 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in January 2015 reached 8.6 million, 16 percent more than in January 2014 (7.5 million). Of these transactions, 62 percent were stock exchange transactions and 38 percent OTC transactions.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in January 2015 reached EUR 602.5 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 5 percent over January 2014 (EUR 571.9 billion).
Business stream 4: Investment Fund Services
Investment Fund Services (IFS) processed 0.83 million transactions in January 2015, a 6 percent increase over January 2014 (0.78 million).
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.
Commentary
Stefan Lepp, Member of the Executive Board and Head of Global Securities Financing at Clearstream, commented: "It is encouraging to start the new year with yet another record peak in assets under custody. 2015 is the year in which TARGET2-Securities becomes a reality for our industry, with the first wave going live in summer - it is high time to choose a partner to succeed in Europe’s new settlement landscape. Clearstream is a natural choice as we offer longstanding expertise and comprehensive services in all post-trade areas. The increase in custody volume shows that many of our customers are already placing their trust in us."
