Clearstream’s June 2015 Figures

• Assets under custody up 9 percent compared to June 2014
• 17 percent increase in investment fund transactions compared to June 2014
• Berthold Kracke: “Giving customers the top service they deserve”

Clearstream: Business stream 1: Custody 

In June 2015, the overall value of assets under custody held on behalf of customers registered an increase of 9 percent to EUR 13.4 trillion (compared to EUR 12.3 trillion in June 2014).

Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 11 percent from EUR 6.5 trillion in June 2014 to EUR 7.2 trillion in June 2015.

Securities held under custody in the German central securities depository (CSD) increased by 7 percent from EUR 5.8 trillion in June 2014 to EUR 6.2 trillion in June 2015.

For the period year-to-date June 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 June 2015: EUR 13.3 trillion; YTD June 2014: EUR 12.1 trillion).

Business stream 2: Settlement

In June 2015, 3.8 million international (ICSD) settlement transactions were processed, a 4 percent increase over June 2014 (3.6 million). Of all international transactions, 85 percent were OTC transactions and 15 percent were registered as stock exchange transactions.

On the German domestic market, CSD settlement transactions in June 2015 reached 7.6 million, 20 percent more than in June 2014 (6.3 million). Of these transactions, 63 percent were stock exchange transactions and 37 percent OTC transactions.

For the period year-to-date June 2015, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 12 percent compared to the same period last year (YTD June 2015: 71.0 million; YTD June 2014: 63.4 million). The Investment Fund Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 19 percent increase.

Business stream 3: Global Securities Financing

For Global Securities Financing (GSF) services, the monthly average outstanding in June 2015 reached EUR 609.3 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a decrease of 3 percent over June 2014 (EUR 626.9 billion). 

The GSF monthly average outstanding has grown by 5 percent from the period year-to-date June 2014 (EUR 591.7 billion) to the period year-to-date June 2015 (EUR 624.2 billion).

Business stream 4: Investment Fund Services

Investment Fund Services (IFS) processed 0.8 million transactions in June 2015, a 17 percent increase over June 2014 (0.7 million). 

IFS transactions have grown by 19 percent from 4.3 million processed in the period year-to-date June 2014 to 5.1 million in the period year-to-date June 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. 

Berthold Kracke, Member of Clearstream’s Executive Board and Head of Business Management, commented: "June was a special month in the post-trade industry. After years of preparation, TARGET2-Securities finally went live. The pan-European settlement platform will transform our business model and it is our duty to make this ongoing transition smooth for our customers. The project is a major milestone on our way towards a unified European capital market. And this innovative approach is not limited to Europe only. Just last month we expanded our settlement and custody services for Mexican ‘Cebures’, and the good performance in June encourages us to stay at the forefront when it comes to giving our customers the top service they deserve."