Clearstream saw rises in custody and global securities financing in May, and confirmed that its services' growth drivers remain strong.
Securities held under custody in Clearstream’s international central securities depository (ICSD) increased 5 percent from €6.1 trillion in May 2013 to €6.4 trillion in the same month this year.
In May, the overall value of assets under custody held on behalf of customers registered an increase of 4 percent to €12.1 trillion. That value was €11.7 trillion in May 2013.
Securities held under custody in the German CSD increased 3 percent from €5.5 trillion in May 2013 to €5.7 trillion in May 2014.
For the period year-to-date May 2014, the combined value of assets under custody in the German domestic CSD and global ICSD business increased 5 percent compared to the same period last year.
The number of ICSD settlement transactions processed was down 1 percent last month, to 3.69 million, on May 2013, when they reached 3.74 million.
Of all international transactions, 85 percent were over-the-counter (OTC) and 15 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in May 2014 reached 6.56 million, 13 percent less than in May 2013 (7.57 million). Of these transactions, 59 percent were stock exchange transactions and 41 percent OTC transactions.
For the period year-to-date May 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased 3 percent compared to the same period last year.
Investment funds services contributed to the growth in the ICSD settlement business as its corresponding transactions registered a 10 percent increase.
For global securities financing (GSF) services, the monthly average outstanding in May 2014 reached €593.7 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 3 percent over May 2013 (€574.9 billion).
The GSF monthly average outstanding has increased 3 percent from the period year-to-date May 2013 (€569.4 billion) to the period year-to-date May 2014 (€584.7 billion).
Marc Robert-Nicoud, member of the executive board of Clearstream responsible for strategy, commented: “High volumes and activity in May 2014 prove once again that our strategy and the products in our main business areas meet our customers' needs.”
“Our growth drivers remain strong across our settlement, custody, collateral management and our investment funds services.”
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