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
Northern Trust has reported a 16 percent rise in assets under custody in Q2 2017.
Standard Chartered builds on securities services team
25 July 2017 | Singapore | Reporter: Jenna Lomax
Standard Chartered has appointed Ryan Cuthbertson as head of product management, custody and clearing, securities services and transaction banking
UniCredit embarks on test phase for European instant payments
25 July 2017 | Milan | Reporter: Stephanie Palmer
UniCredit has started testing EBA Clearing’s instant payment solution RT1, in preparation to roll out instant payments multinationally
Eagle Fund Accounting Solution to be used by Desjardins
24 July 2017 | | Reporter: Jenna Lomax
Desjardins Asset Management, part of Desjardins Group, previously signed with Eagle Accounting for its asset management in 2011
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Northern Trust to offer fund services to GuideStone Funds
24 July 2017 | Dallas | Reporter: Jenna Lomax
GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial service providing retirement, investment and life and health plans to evangelical Christian churches, educational institutions and ministry organisations
BNY Mellon recruits for alternative investment team
21 July 2017 | New York | Reporter: Jenna Lomax
BNY Mellon has made two senior appointments to its alternative investment services team
More news