31 January 2012
Reporter: Anna Reitman
Securities Lending default image

Euroclear sees 10% turnover lift in 2011

Euroclear clients settled transactions valued at a record €580.6 trillion in 2011, up 10 per cent year-on-year. Assets deposited for safekeeping and asset servicing with both the CSD and ICSD came in at €22.1 trillion, also a record.

Operating performance fluctuated among the Euroclear entities with some experiencing year-on-year gains in some measures while declining in others.

Most of the operating results for Euroclear Bank reached record levels. Securities held in custody for clients rose by 3 per cent to €10.8 trillion while the number and value of processed transactions saw a significant jump, both up at some 25 per cent y-o-y, reaching 59.4 million valued at €328.5 trillion.

Triparty collateral management deals outstanding administered by Euroclear Bank at the end of 2011 averaged €324.1 billion, 7 per cent more than the €302.9 billion per day at the end of 2010.

"Volume increases in 2011 slowed in comparison with previous years as banks deleveraged their balance sheets. In addition, central banks continued to serve as the primary sources of liquidity for the banking community, thereby reducing the level of interbank securities finance deals during the year. Nevertheless, Euroclear Bank has attracted a broader range of clients for its triparty collateral management services as the need for secured financing continued to gain momentum," the company wrote in a statement.

Turnover, or the value of securities transactions settled, lifted at Euroclear France, Nederland, Belgium, Sweden, Finland and Xtracter and declined in Euroclear UK & Ireland. Euroclear Belgium saw the biggest increase in turnover with an 18 per cent rise in 2011 to a record €588 billion compared with €498 billion in 2010. Euroclear Ireland & UK saw turnover drop 9 per cent to €153.1 trillion though securities held for clients increased 4 per cent to a record equivalent of €4.0 trillion.

Tim Howell, CEO, said, "The outstanding operating results we achieved in 2011, particularly during such volatile and tense global capital markets, is clear indication of the market’s recognition of Euroclear’s strengths.”

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