Clearstream's AuC Surpasses €12 Trillion

For May 2014, Clearstream’s overall value of assets under custody increased 4% year over year to €12.1 trillion, compared to €11.7 trillion in May 2013.
By Jake Safane(2147484770)
For May 2014, Clearstream’s overall value of assets under custody increased 4% year over year to €12.1 trillion, compared to €11.7 trillion in May 2013.

Clearstream’s international central securities depository (ICSD) posted the highest increase in AuC with 5% year-over-year growth, from €6.1 trillion in May 2013 to €6.4 trillion in May 2014. At the firm’s German CSD, AuC increased by 3% to €5.7, up from €5.5 trillion in May 2013.

In terms of settlement transactions processed, bot the ICSD and CSD measured decreases year over year, falling 1% and 13% respectively. Still, total transactions processed year-to-date through May 2014 are up 3% compared to the same period a year prior, with 53.46 million transactions in May 2014 and 51.85 million in May 2013.
Of all ICSD transactions, 85% were OTC, while only 41% of the German CSD transactions were OTC.

As for Clearstream’s Global Securities Financing (GSF) services, which include tri-party repo, securities lending and collateral management, the monthly average outstanding in May 2014 reached €593.7 billion, a 3% increase over May 2013. Year to date, the GSF monthly average outstanding, €584.7 billion has also grown by 3% over the same period last year.

Lastly, the firm’s Investment Funds Services (IFS) business, which includes its Vestima platform for trading, settlement, custody and collateral management, had a 2% decrease in transactions processed with 690,000 transactions in May 2014, compared to 700,000 in May 2013. Year to date, IFS transactions are up 10% with 3.62 million transactions processed, compared to 3.29 million during the same period last year.

The overall increases in Clearstream’s business comes during a period where the firm has been developing new offerings in the face of changing regulation.

“Our strategic focus is on readiness for TARGET2-Securities and to help our clients transition into this new environment,” says Marc Robert-Nicoud, member of the executive board of Clearstream responsible for strategy. “We continue to innovate across our product range and regions: in May we have progressed in our renminbi (RMB) internationalization roadmap; we successfully positioned our collateral management offering with Singapore Exchange in Asia; we have launched our domestic markets monitoring report to support our customers in their AIFMD and UCITS V compliance.”

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