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In May 2013, the value of assets under custody held on behalf of customers registered an increase of 5 percent to EUR 11.7 trillion (compared to EUR 11.1 trillion in May 2012). Securities held under custody in Clearstream’s international business increased by 2 percent from EUR 6.0 trillion in May 2012 to EUR 6.1 trillion in May 2013 – while domestic German securities held under custody increased by 9 percent from EUR 5.1 trillion in May 2012 to EUR 5.5 trillion in May 2013.
In May 2013, 3.7 million international settlement transactions were processed, a 11 percent increase over May 2012 (3.4 million). Of all international transactions, 82 percent were OTC transactions and 18 percent were registered as stock exchange transactions. On the German domestic market, settlement transactions reached 7.6 million, 19 percent more than in May 2012 (6.4 million). Of these transactions, 66 percent were stock exchange transactions and 34 percent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstanding reached EUR 574.9 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a decrease of 1 percent over May 2012 (EUR 579.2 billion). At EUR 569.4 billion, the year-to-date May 2013 GSF monthly average outstanding is 2 percent below the same period last year (year-to-date May to May 2012: EUR 583.1 billion).
In the Investment Funds Services (IFS), 0.70 million transactions were processed, a 41 percent increase over May 2012 (0.50 million). At 3.3 million, the year-to-date May 2013 IFS number of transactions processed is 32 percent above the same period last year (year-to-date May to May 2012: 2.5 million).
Commentary
Commenting on the company’s monthly figures, Stefan Lepp, Chief Executive Officer of the German Central Securities Depository (CSD) Clearstream Banking AG, said: “Our German CSD plays a fundamental role in the overall business strategy of Clearstream – it is designed to become the entry point into the future pan-European post-trade infrastructure platform, TARGET2-Securities. It is therefore particularly encouraging to see significant increases in assets under custody on the German CSD domestic side as well as a continuous asset growth in our international ICSD business. We take this as a sign that existing customers and prospects – beyond the German domestic market – take strong interest in our strategic plans that create a unique value proposition around our CSD and ICSD franchise. With this offering we provide customers with services and the right infrastructure to navigate a market environment of regulatory changes.”
