Clearstream: Business stream 1: Custody
In March 2014, the overall value of assets under custody held on behalf of customers registered an increase of 5 percent to EUR 12.1 trillion (compared to EUR 11.5 trillion in March 2013).
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 3 percent from EUR 6.2 trillion in March 2013 to EUR 6.4 trillion in March 2014.
Securities held under custody in the German central securities depository (CSD) increased by 6 percent from EUR 5.4 trillion in March 2013 to EUR 5.7 trillion in March 2014.
For the period year-to-date March 2014, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by 6 percent compared to the same period last year (YTD March 2014: 12.04; YTD March 2013: EUR 11.41 trillion)
Business stream 2: Settlement
In March 2014, 3.86 million international (ICSD) settlement transactions were processed, a 15 percent increase over March 2013 (3.37 million). Of all international transactions, 81 percent were OTC transactions and 19 percent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in March 2014 reached 7.45 million, 12 percent more than in March 2013 (6.65 million). Of these transactions, 65 percent were stock exchange transactions and 35 percent OTC transactions.
For the period year-to-date March 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 9 percent compared to the same period last year (YTD March 2014: 33.14 trillion; YTD March 2013: 30.30 million). The Investment Funds Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 16 percent increase.
Business stream 3: Global Securities Financing
For Global Securities Financing (GSF) services, the monthly average outstanding in March 2014 reached EUR 587.0 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 2 percent over March 2013 (EUR 576.2 billion).
The GSF monthly average outstanding has grown by 3 percent from the period year-to-date March 2013 (EUR 562.8 billion) to the period year-to-date March 2014 (EUR 580.0 billion).
Business stream 4: Investment Funds Services
Investment Funds Services (IFS) processed 0.74 million transactions in March 2014, a 15 percent increase over March 2013 (0.65 million).
IFS transactions have grown by 16 percent from 1.93 million processed in the period year-to-date March 2013 to 2.24 million in the period year-to-date March 2014.
Commentary:
Philippe Seyll, Member of the Executive Board of Clearstream and Head of Investment Funds Services, commented: “We continue to be encouraged by our monthly figures as we see continued growth in all business areas which ultimately support and strengthen each other as part of an integrated offering, no matter the entry point to Clearstream.
Our March 2014 year-to-date assets under custody business figure, which includes asset wins in the ICSD investment funds stream, is up 6 percent compared to the same period last year. On the ICSD investment funds side alone, after an already strong 2013, our March 2014 year-to-date figure for the number of transactions processed is 16 percent higher compared to the same period last year.
This is a very positive sign that Clearstream customers are satisfied with the suite of investment funds services we offer as part of the company's overall value proposition.”