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Clearstream: Business stream 1: Custody
In June 2014, the overall value of assets under custody held on behalf of customers registered an increase of 6 percent to EUR 12.3 trillion (compared to EUR 11.6 trillion in June 2013).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 5 percent from EUR 6.2 trillion in June 2013 to EUR 6.5 trillion in June 2014.
Securities held under custody in the German central securities depository (CSD) increased by 6 percent from EUR 5.4 trillion in June 2013 to EUR 5.8 trillion in June 2014.
Year-to-date June 2014, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by 5 percent compared to the same period last year (YTD June 2014: EUR 12.1 trillion; YTD June 2013: EUR 11.5 trillion).
Business stream 2: Settlement
In June 2014, 3.6 million international (ICSD) settlement transactions were processed, a 7 percent increase over June 2013 (3.4 million). Of all international transactions, 86 percent were OTC transactions and 14 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in June 2014 reached 6.3 million, 3 percent less than in June 2013 (6.5 million). Of these transactions, 56 percent were stock exchange transactions and 44 percent OTC transactions.
Year-to-date June 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 3 percent compared to the same period last year (YTD June 2014: 63.4 million; YTD June 2013: 61.7 million). Investment Fund Services contributed to this growth in the ICSD business as its corresponding transactions registered a 9 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in June 2014 reached EUR 626.9 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 8 percent over June 2013 (EUR 581.9 billion).
The GSF monthly average outstanding has grown by 4 percent from year-to-date June 2013 (EUR 571.5 billion) to year-to-date June 2014 (EUR 591.7 billion).
Business stream 4: Investment Fund Services
Investment Fund Services (IFS) processed 0.69 million transactions in June 2014, a 5 percent increase over June 2013 (0.66 million).
IFS transactions have grown by 9 percent from 3.95 million processed year-to-date June 2013 to 4.31 million year-to-date June 2014.
Commentary:
Berthold Kracke, Member of the Executive Board of Clearstream and Head of Business Management, said: "The new record in assets under custody is an acknowledgment of the trust our customers place in us, a perception that has been confirmed at major industry events in June.
Clients and prospects embrace our business strategy and take up new services such as the Domestic Market Monitoring Report that is gaining traction in the first month since its launch, allowing our customers to comply with AIFMD requirements that kick in on 23 July.
Furthermore, June saw the extension of our direct link to Russia, enabling the settlement of equities in our foreign nominee holder account at the National Settlement Depository (NSD) since 7 July.
We closed the month of June with an overall stable growth in all our business streams, and we also have a new website to provide our customers and the market with a modern information infrastructure."
