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28 February 2014
London
Reporter Mark Dugdale

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Euroclear reports record year for assets under custody

Euroclear held a record €24.2 trillion in assets under custody in 2013.

The value of securities held on behalf of Euroclear clients increased by more than €1 trillion, representing a 5 percent year-over-year increase.

The number of netted transactions settled in the Euroclear group increased by 7.1 percent to a record 170.4 million, while the value of securities transactions settled reached a record €572.8 trillion, a 5.8 percent increase over the prior year.

The value of funds serviced by FundSettle increased by 18 percent year-over-year and the volume of funds transactions processed by Euroclear increased by 16 percent to reach 17.6 million.

Fund orders routed through Euroclear UK and Ireland’s EMX Message System increased by 19.5 percent to a record 49 million messages in 2013.

Euroclear’s Collateral Highway mobilised an average of €787 billion of collateralised transactions daily in 2013, a 12 percent increase over 2012.

Tim Howell, CEO of the Euroclear group, said: “The market regards Euroclear to be a safe and resilient market infrastructure with the proven experience, agility and economies of scale to deliver operational efficiencies and develop markets locally and globally. We want to thank our clients for the business that they entrust with us, and look forward to doing more together as the industry continues to evolve.”

“We are focused on maintaining market stability, delivering the regulation-driven initiatives in our core European franchise and investing in capabilities and services that extend value to our clients.”

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