Clearstream Sets Custody Record In November

Clearstream set a new record for the overall value of assets under custody (AUC) during November, increasing by 4% year-on-year to €12.4 trillion.

Securities held under custody at Clearstream’s international central securities depository (ICSD) also rose 6% to €6.6 trillion.

“We will continue to improve our offering and be a reliable partner for our customers in all areas, from contributing to the internationalization of the Renminbi – for example, we started to offer settlement and custody for China A-shares in November – to our roadmap towards TARGET2-Securities,” says Berthold Kracke, head of business management, Clearstream.

In November international transactions settled by Clearstream decreased by 4% to 3.3 million in comparison to the same month last year.

However, Clearstream is set to surpass the number of transactions it settled last year, as the year-to-date settlement for the German domestic and international markets is up 3% to 115.3 million.

For its Global Securities Financing (GSF) unit , the monthly average outstanding last month reached €638.6 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 6%.