The value of assets under custody held by Clearstream on behalf of customers registered an increase of six per cent to EUR12.1trn in February 2014 compared to EUR11.4trn in February 2013.
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by five per cent from EUR6.1trn in February 2013 to EUR6.4trn in February 2014, while domestic German securities held under custody in the German central securities depository (CSD) increased by seven per cent from EUR5.4trn in February 2013 to EUR5.7trn in February 2014.
In February 2014, 3.7 million international settlement transactions were processed, a 10 per cent increase over February 2013 (3.3 million). Of all international transactions, 82 per cent were OTC transactions and 18 per cent were registered as stock exchange transactions.
On the German domestic market, settlement transactions in February 2014 reached 6.8 million, four per cent more than in February 2013 (6.6 million). Of these transactions, 65 per cent were stock exchange transactions and 35 per cent OTC transactions.
For Global Securities Financing (GSF) services, the monthly average outstanding in February 2014 reached EUR581.1bn. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of three per cent over February 2013 (EUR563.3bn).
Investment Funds Services (IFS) processed 0.7 million transactions in February 2014, a 17 per cent increase over February 2013 (0.6 million).
Jeffrey Tessler, chief executive officer of Clearstream, says: “TARGET2-Securities will transform the post-trade landscape and as go-live approaches, T2S readiness figures very high on the agenda of many customers and prospects. We take the fact that customers continue to shift asset volumes to us as early support of our strategic plans. Our focus is therefore on executing our T2S strategy and on building and delivering the best value proposition for the emerging market landscape. At the same time, we continue to outline the T2S benefits to the market, some of which are not obvious – for example, in the area of capital and liquidity management.”