Clearstream saw gains across the board in 2013, as the yearly average of the value of assets under custody measured €11.6 trillion compared to €11.1 trillion in 2012, an increase of 5%.
Total settlement transactions also increased in 2013 to 121 million, up from 113.9 million in 2012. International transactions rose from 39 million to 41.1 million from 2012 to 2013, which was composed of OTC transactions rising from 31.9 million to 34.2 million, while stock exchange transactions dropped slightly from 7.2 million to 6.9 million. For the German domestic market, OTC transactions rose from 25.7 million to 28.2 million, while stock exchange transactions also went from 49.2 million to 51.7 million. In total, domestic settlement transactions rose from 74.8 million to 79.9 million.
For Clearstream’s Investment Fund Services (IFS), which includes solutions for trading, settlement and custody for funds, transactions shot up 23% from 6.36 million to 7.86 million from 2012 to 2013.
Meanwhile, for Clearstream’s Global Securities Financing (GSF) services, which include triparty repo, securities lending and collateral management, the monthly average outstanding ticked up 1% from €570.3 billion in 2012 to €576.5 billion in 2013.
The company’s December 2013 results were also strong, as the monthly average for assets under custody increased 6%, which was composed of a 6% gain from its international business and a 7% gain from its domestic German business. The €12 trillion in assets under custody for the month marked a record.
Total settlement transactions for the month of December 2013 also went up both internationally and domestically for a total of 9.4 million transactions compared to 8.7 million in December 2012.
“The regulatory agenda continues to drive change in our industry and market participants are increasingly looking for the right partners to get ready for the emerging market landscape. Our 2013 figures are very encouraging and we closed the year with a record in assets under custody. We take the increase in volumes across all of our business areas as a confirmation of our customer value proposition and strategy and thank our clients for the trust they have placed in us in 2013. Market evolution will further accelerate in 2014 and Clearstream will continue to focus on helping its clients navigate a complex industry environment in which there are many opportunities,” says Jeffrey Tessler, chief executive officer of Clearstream.
Clearstream's AuC and Settlement Transactions Rise in 2013
Clearstream saw gains across the board in 2013, as the yearly average of the value of assets under custody measured €11.6 trillion compared to €11.1 trillion in 2012, an increase of 5%.
« U.K. Pensions Association Publishes Derivatives and Risk Management Made Simple Guide