Clearstream’s May 2014 Figures

• 5 percent growth in core custody business since beginning of the year compared to January to May 2013 
• 3 percent growth in Global Securities Financing (collateral management, securities lending, triparty repo) activity 
• Decline of settlement activity in May due to less business days, but also less stock exchange trading activity in German domestic and international markets 
• Marc Robert-Nicoud: “Growth drivers remain strong across all business areas.”

Clearstream: Business stream 1: Custody 

In May 2014, the overall value of assets under custody held on behalf of customers registered an increase of 4 percent to EUR 12.1 trillion (compared to EUR 11.7 trillion in May 2013).

Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 5 percent from EUR 6.1 trillion in May 2013 to EUR 6.4 trillion in May 2014.

Securities held under custody in the German central securities depository (CSD) increased by 3 percent from EUR 5.5 trillion in May 2013 to EUR 5.7 trillion in May 2014.

For the period year-to-date May 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 May 2014: EUR 12.1 trillion; YTD May 2013: EUR 11.5 trillion).

Business stream 2: Settlement

In May 2014, 3.69 million international (ICSD) settlement transactions were processed, a 1 percent decrease over May 2013 (3.74 million). Of all international transactions, 85 percent were over the counter (OTC) transactions and 15 percent were registered as stock exchange transactions.

On the German domestic market, CSD settlement transactions in May 2014 reached 6.56 million, 13 percent less than in May 2013 (7.57 million). Of these transactions, 59 percent were stock exchange transactions and 41 percent OTC transactions.

For the period year-to-date May 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 May 2014: 53.46 million; YTD May 2013: 51.85 million). 

The Investment Funds Services business contributed to the growth in the ICSD settlement business as its corresponding transactions registered a 10 percent increase.

Business stream 3: Global Securities Financing

For Global Securities Financing (GSF) services, the monthly average outstanding in May 2014 reached EUR 593.7 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 3 percent over May 2013 (EUR 574.9 billion). 

The GSF monthly average outstanding has grown by 3 percent from the period year-to-date May 2013 (EUR 569.4 billion) to the period year-to-date May 2014 (EUR 584.7 billion).

Business stream 4: Investment Funds Services

Investment Funds Services (IFS) processed 0.69 million transactions in May 2014, a 2 percent decrease over May 2013 (0.70 million). 

IFS transactions have grown by 10 percent from 3.29 million processed in the period year-to-date May 2013 to 3.62 million in the period year-to-date May 2014.

Comment:

Marc Robert-Nicoud, Member of the Executive Board of Clearstream responsible for strategy, said: “High volumes and activity in May 2014 prove once again that our strategy and the products in our main business areas meet our customers' needs. Our growth drivers remain strong across our settlement, custody, collateral management and our investment funds services. Our strategic focus is on readiness for TARGET2-Securities and to help our clients transition into this new environment. We continue to innovate across our product range and regions: in May we have progressed in our renminbi (RMB) internationalization roadmap; we successfully positioned our collateral management offering with Singapore Exchange in Asia; we have launched our domestic markets monitoring report to support our customers in their AIFMD and UCITS V compliance. We are fully invested and mobilized in developing best-in-class business solutions that anticipate customer needs in a rapidly changing post-trade environment.”