Euroclear clients deposited a record level of assets for safekeeping and asset servicing with the Euroclear group national and international central securities depositories (CSDs) in 2010.
At the end of 2010, the equivalent of EUR 21.9 trillion of client assets were held by Euroclear entities, an increase of 10 per cent compared with the end of 2009. The value of securities transactions settled by Euroclear group CSDs rose to EUR 526 trillion, or 5 per cent, in 2010.
Tim Howell, chief executive officer of Euroclear SA/NV, said: "The most important contribution made by Euroclear in 2010 was in sustaining operational stability and resilience for our clients. As the global capital markets continued to be volatile, presenting challenges and opportunities for our clients, the growth we experienced in both the value of transactions processed and assets held in custody for clients during this difficult period reinforces Euroclear’s strengths. Our strong asset protection and risk management practices, and improvements to our asset servicing and collateral management services, have contributed to the solid - and by some measures record - operational performance we achieved in 2010.”
As trading volumes varied by country and asset class in 2010, operating performance fluctuated among the Euroclear entities, with some experiencing year-over-year gains in some measures while declining in others.
