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.

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
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Julius Baer builds on UK and Ireland compliance team
22 May 2017 | London | Reporter: Stephanie Palmer
Julius Baer International has appointed John Dodds as head of compliance for the UK and Ireland
More news