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Clearstream: Business stream 1: Custody
In August 2015, the overall value of assets under custody held on behalf of customers registered an increase of 8 percent to EUR 13.2 trillion (compared to EUR 12.2 trillion in August 2014).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 10 percent from EUR 6.5 trillion in August 2014 to EUR 7.2 trillion in August 2015.
Securities held under custody in the German central securities depository (CSD) increased by 6 percent from EUR 5.7 trillion in August 2014 to EUR 6.0 trillion in August 2015.
For the period year-to-date August 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 August 2015: EUR 13.3 trillion; YTD August 2014: EUR 12.1 trillion).
Business stream 2: Settlement
In August 2015, 3.3 million international (ICSD) settlement transactions were processed, a 7 percent increase over August 2014 (3.1 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 August 2015 reached 8.1 million, 25 percent more than in August 2014 (6.5 million). Of these transactions, 64 percent were stock exchange transactions and 36 percent OTC transactions.
For the period year-to-date August 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 August 2015: 94.3 million; YTD August 2014: 83.2 million). The Investment Fund Services business contributed to this growth in the ICSD business as its corresponding transactions registered an 18 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in August 2015 reached EUR 591.7 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a decrease of 3 percent over August 2014 (EUR 613.0 billion).
The GSF monthly average outstanding has grown by 3 percent from the period year-to-date August 2014 (EUR 597.9 billion) to the period year-to-date August 2015 (EUR 617.2 billion).
Business stream 4: Investment Fund Services
Investment Fund Services (IFS) processed 0.8 million transactions in August 2015, a 16 percent increase over August 2014 (0.7 million).
IFS transactions have grown by 18 percent from 5.7 million processed in the period year-to-date August 2014 to 6.7 million in the period year-to-date August 2015.
Marc Robert-Nicoud, CEO of Clearstream Holding, commented: "In late August, Italy's migration to TARGET2-Securities successfully concluded the first wave of CSDs migrating to a new securities settlement environment. Moving forward, T2S can open up European securities markets, thereby contributing to a better allocation of capital. This is a very concrete step supporting the objectives of a Capital Markets Union. As the largest participating CSD in T2S, we are committed to ensure that our customers reap all benefits to be had, notably in reducing their network costs as well as their costs of capital and collateral management. That's why we are launching a new integrated offering combining the benefits of our CSD and ICSD services. The response from customers is very positive and is reflected in our August results."
