Clearstream reported a monthly average outstanding in its global securities financing (GSF) €653.2 billion in March. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 11% over March 2014 (€587 billion).
The GSF monthly average outstanding has grown by 8% from the period year-to-date March 2014 (€580 billion) to the period year-to-date March 2015 (€628.4 billion).
Assets under custody climbed 12% versus March 2014 to €13.5 trillion while ICSD settlement transactions rose 18% versus March 2014 to 4.6 million.
Investment Fund Services (IFS) processed 1 million transactions in March 2015, a 34% increase over March 2014 (0.7 million).
As of Oct. 3 2014 Clearstream owns CGSS in Cork, Ireland, providing hedge fund trade execution and fund custody processing services for financial institutions. The migration of financial institution customers from Citco Bank’s to Clearstream is planned for the third quarter of 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.
Clearstream Grows GSF, Plans to Onboard Citco Customers in Q3
Clearstream's Global Securities Finance business, which includes triparty repo, securities lending and collateral management, collectively experienced an increase of 11% over March 2014 (€587 billion).