22 January 2015
Reporter: Stephanie Palmer

Euroclear reports record-breaking 2014

Euroclear has reported a record high in assets under custody for 2014, reaching €26 trillion, a 7.4 percent rise on 2013.

This result comes as part of a generally successful year for Euroclear. It also saw an all-time high of €633.6 trillion in the value of securities processed, a 10.6 percent increase on 2013, and a 12.1 percent rise in collateral outstanding on its Collateral Highway, which reached €883.1 billion.

The number of netted transaction settles also grew by 6.6 percent to reach a record number of €181.6 million.

The value of funds serviced by FundSettle increase by 18 percent compared to 2013, while the volume of fund transactions processed by the group rose by 13 percent to reach 20 million.

Fund orders routed through Euroclear’s UK and Ireland EMX Message System increased by 33 percent, to reach another record high of 65 million messages in 2014.

CEO Tim Howell said: “Euroclear remains a leading market infrastructure that is relevant, reliable, resilient and profit moderated. Our performance over 2014 strengthens Euroclear’s pre-eminent role within the global post-trade ecosystem, and we remain well-positioned for future growth opportunities both in Europe and around the world. We want to thank our clients for the business they entrust with us, and we look forward to working together again in the year ahead.”

He added: “We remain focused on maintaining market stability, delivering the regulation-driven initiatives in our core European franchise and investing in capabilities and services that extend client value.”

In June 2014, Euroclear acquired a stake in Euronext, a investment designed to offer closer proximity to its community and to strengthen Euroclear settlement for its Euronext-zone Securities franchise.

It also joined with the Depository Trust and Clearing Corporation (DTCC) and launched the joint venture company DTCC-Euroclear Global Collateral Limited in September 2014. The collaboration aims to deliver greater operational efficiency, improving the stability of financial markets.

During the year it expanded the range and involvement of market participants connected to its Collateral Highway, easing collateral sourcing and mobilisation while increasing transparency and asset protection for all participants.

Euroclear also saw progress with its ETF structure, launched with BlackRock in 2013. In 2014, the structure was adopted by Pimco and State Street, who now have listings on Euronext and the London Stock Exchange.

It also began T2S testing in late 2014, as well as building on its franchise around the world.

It made Panamanian government bonds, Mexican corporate bonds, Russian municipal and corporate bonds and equities, while Taiwanese-issued RMB bonds were made available for settlement via Euroclear’s links to their respective domestic CSDs.

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
OFI AM and SETL become shareholders of IZNES
23 February 2018 | Paris | Reporter: Jenna Lomax
OFI AM and SETL have been joined as shareholders of IZNES by five asset management companies
Klesia Finances goes live with NeoXam’s Density solution
23 February 2018 | Paris | Reporter: Jenna Lomax
According to Klesia, Density will assist it in facing the current French and European regulatory landscape
EBA Clearing’s RT1 hits 500,000-transaction-mark
23 February 2018 | London | Reporter: Jenna Lomax
The RT1 system passed the transaction milestone on 19 February
Liz Daniels joins FCA
23 February 2018 | London | Reporter: Becky Butcher
The Financial Conduct Authority has appointed Liz Daniels as policy advisor
Gen II exceeds $175 billion in assets under administration
23 February 2018 | New York | Reporter: Becky Butcher
Gen II Fund Services has revealed that its assets under administration have exceeded $175 billion
SANNE hires Hannah Correll Jaeger
22 February 2018 | New York | Reporter: Becky Butcher
SANNE has appointed Hannah Correll Jaeger as head of client relationship management for the Americas to support the company’s growth
Benelux trio set to strengthen collaboration on blockchain
22 February 2018 | Brussels | Reporter: Becky Butcher
B-Hive, the Luxembourg House of Financial Technology and the Dutch Blockchain Coalition have signed a memorandum of understanding to strengthen further collaboration in blockchain within the Benelux region
More news