Brussels
07 March 2014
Reporter: Georgina Lavers

Euroclear's AUC rises 5 percent


Euroclear released its highlights of 2013, which showed that the value of securities held on behalf of its clients grew 5 percent year-on-year, to €24.2 trillion.

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

Euroclear’s ‘collateral highway’ mobilised an average of €787 billion of collateralised transactions daily, a 12 percent increase year-on-year.

The value of funds serviced by FundSettle increased by 18 percent year-on-year and the volume of funds transactions processed by the group grew 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 this period.

The firm also stated that it had successfully addressed the operational inefficiencies in the way exchange-traded funds (ETFs) are issued and settled in Europe by introducing an international ETF structure.

“By partnering with BlackRock to create an ETF structure that uses a single European settlement location, the market will benefit from improved trading liquidity, a reduction in operational risk and lower transaction costs for end investors.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
SmartStream partners with Deutsche Börse Reporting Hub
25 September 2017 | Frankfurt | Reporter: Theo Andrew
Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
More news