Clearstream’s July 2013 Figures -Value Of Assets Under Custody 3 Percent Higher Than In July 2012 -Continuous Steep Increase Of Investment Funds Transactions -Stefan Lepp: “Strong Global Securities Financing Performance Despite Ongoing Monetary Policy Intervention.”

In July 2013, the value of assets under custody held on behalf of customers registered an increase of 3 percent to EUR 11.5 trillion (compared to EUR 11.2 trillion in July 2012). Securities held under custody in Clearstream’s international business increased by 1 percent to EUR 6.1 trillion in July 2013 while domestic German securities held under custody increased by 6 percent to EUR 5.4 trillion in July 2013 (July 2012: EUR 5.1 trillion).

In July 2013, 3.5 million international settlement transactions were processed, a 6 percent increase over July 2012 (3.3 million). Of all international transactions, 86 percent were OTC transactions and 14 percent were registered as stock exchange transactions. On the German domestic market, settlement transactions reached 6.6 million, 7 percent more than in July 2012 (6.1 million). Of these transactions, 64 percent were stock exchange transactions and 36 percent OTC transactions.

For Global Securities Financing (GSF) services, the monthly average outstanding reached EUR 575.1 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 2 percent over July 2012 (EUR 563.7 billion). At EUR 572.0 billion, the year-to-date July 2013 GSF monthly average outstanding is 2 percent below the same period last year (January to July 2012: EUR 582.5 billion). 

In the Investment Funds Services (IFS), 0.67 million transactions were processed, a 20 percent increase over July 2012 (0.55 million). At 4.6 million, the year-to-date July 2013 IFS number of transactions processed is 30 percent above the same period last year (January to July 2012: 3.5 million).

Commentary:
Commenting on the performance of his business area Stefan Lepp, Head of Global Securities Financing (GSF) and Member of the Executive Board of Clearstream, said: “We continue to see a very strong appetite in the market for all of our risk and liquidity management solutions. The European Central Bank’s Long-Term Refinancing Operation (LTRO) has given the market access to cheap liquidity which is why the GSF monthly average outstandings are slightly lower than at the beginning of the year. Despite the monetary policy intervention, which is a temporary phenomenon, our outstandings are 2 percent above July 2012 levels, which shows that we are well on track.”