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Clearstream: Business stream 1: Custody
In November 2014, the overall value of assets under custody held on behalf of customers registered an increase of 4 percent to EUR 12.4 trillion (compared to EUR 11.9 trillion in November 2013).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 6 percent from EUR 6.3 trillion in November 2013 to EUR 6.6 trillion in November 2014.
Securities held under custody in the German central securities depository (CSD) increased by 3 percent from EUR 5.7 trillion in November 2013 to EUR 5.8 trillion in November 2014.
For the period year-to-date November 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 November 2014: EUR 12.2 trillion; YTD November 2013: EUR 11.6 trillion).
Business stream 2: Settlement
In November 2014, 3.3 million international (ICSD) settlement transactions were processed, a 4 percent decrease over November 2013 (3.5 million). Of all international transactions, 83 percent were OTC transactions and 17 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in November 2014 reached 6.7 million, 1 percent less than in November 2014 (6.7 million). Of these transactions, 63 percent were stock exchange transactions and 37 percent OTC transactions.
For the period year-to-date November 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 November 2014: 115.3 million; YTD November 2013: 111.6 million). The Investment Fund Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 11 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in November 2014 reached EUR 638.6 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 6 percent over November 2013 (EUR 602.6 billion).
The GSF monthly average outstanding has grown by 6 percent from the period year-to-date November 2013 (EUR 574.8 billion) to the period year-to-date November 2014 (EUR 608.2 billion).
Business stream 4: Investment Fund Services
Investment Fund Services (IFS) processed 0.69 million transactions in November 2014, a 3 percent increase over November 2013 (0.67 million).
IFS transactions have grown by 11 percent from 7.2 million processed in the period year-to-date November 2013 to 8.0 million in the period year-to-date November 2014.
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 Q1/2015), 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:
Berthold Kracke, Head of Business Management and member of the Executive Board of Clearstream, comments: "The new record peak in our assets under custody is a much appreciated mark of confidence from our customers and proves that Clearstream offers financial institutions and corporates the right portfolio of services they need to succeed. We will continue to improve our offering and be a reliable partner for our customers in all areas, from contributing to the internationalisation of the Renminbi - for example, we started to offer settlement and custody for China A-shares in November - to our roadmap towards TARGET2-Securities."
Attachments
Clearstream’s November 2014 figures
