20 July 2015
Reporter: Stephanie Palmer

2015 looking good for Euroclear

Euroclear has reported success across the board for the first six months of 2015, including a 10 percent increase in daily volumes on its Collateral Highway and record levels of both collateral outstanding and securities held on behalf of clients.

The Collateral Highway saw an average daily volume of €971 billion transactions mobilised, 10 percent more than in the same period in 2014, while collateral outstanding reached a record level of €1 trillion.

The value of securities held on behalf of Euroclear clients increased by 11 percent compared to the first six months of last year, reaching a record high of €28 trillion.

Turnover for the value of securities settled also increased by 10 percent to reach €339.3 trillion, and netted transactions settled increased by 6 percent to reach just under 97 million.

Funds serviced by Euroclear’s FundSettle increased in value by 17 percent, while the volume of fund transactions processed increased by 18 percent to reach 11.4 million.

The increases have been attributed to a general increase in client activity across all business lines and favourable market conditions throughout the six months.

Tim Howell, CEO of the Euroclear group, said: “Euroclear has delivered another robust operating performance in the first half of 2015, benefitting from prior investments in both traditional products and new services such as the Collateral Highway.”

He added: “We continue to invest in supporting the development of efficient and stable capital markets while delivering the regulation-driven initiatives in our core European franchise, as well as capabilities and services that extend client value around the world.”

Euroclear also announced that it has made progress with the expansion of its international exchange-traded fund (ETF) structure. The structure was selected by the China Construction Bank for the first euro-denominated money market international ETF, with listings in London and Paris.

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