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Clearstream closes 2014 with a record EUR 12.5 trillion in assets under custody

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The value of assets under custody held on behalf of customers registered an increase of 5 per cent to EUR12.5 trillion in December 2014 (compared to EUR 12.0 trillion in December 2013). 

Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by 7 per cent from EUR 6.3 trillion in December 2013 to EUR 6.7 trillion in December 2014 – while securities held under custody in the German central securities depository (CSD) increased by 2 per cent from EUR 5.7 trillion in December 2013 to EUR 5.8 trillion in December 2014.

For 2014, yearly average of the value of assets under custody held on behalf of customers reached EUR 12.2 trillion compared to EUR 11.6 trillion in 2013, an increase of 5 percent.

In December 2014, 3.62 million international (ICSD) settlement transactions were processed, an 11 per cent increase over December 2013 (3.25 million). Of all international transactions, 82 per cent were OTC transactions and 18 per cent were registered as stock exchange transactions. For 2014, Clearstream processed 43.65 million international transactions, an increase of 6 per cent compared to 2013. 

On the German domestic market, CSD settlement transactions in December 2014 reached 7.42 million, 21 per cent more than in December 2013 (6.15 million). Of these transactions, 63 per cent were stock exchange transactions and 37 per cent OTC transactions. In 2014, Clearstream processed 82.68 million domestic settlement transactions compared to 79.87 million in 2013, an increase of 4 per cent.

For Global Securities Financing (GSF) services, the monthly average outstanding in December reached EUR 627.6 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 6 per cent over December 2013 (EUR 594.8 billion). 

For the year 2014, monthly average outstanding reached 609.8 billion compared to EUR 576.5 billion in 2013, an increase of 6 per cent.

Investment Fund Services (IFS) processed 0.82 million transactions in December 2014, a 22 per cent increase over December 2013 (0.67 million). In the year 2014, 8.79 million transactions were processed, a 12 per cent increase compared to 2013 (7.86 million).

As of 3 October 2014 Clearstream owns CGSS Ltd in Cork, Ireland, providing hedge fund trade execution and fund custody processing services for financial institutions. Until Citco Bank’s financial institution customers have fully migrated to Clearstream (planned for Q1/2015), the involved asset volumes are still serviced on behalf of Citco Bank and will neither be fully included in Clearstream’s assets under custody volumes nor be included in the number of investment fund transactions.

Jeffrey Tessler, Chief Executive Officer of Clearstream, says: "I am pleased to announce that we have closed 2014 with yet another record in assets under custody and excellent figures across all business areas. These results are driven by market recovery and new business attracted in anticipation of TARGET2-Securities. Our approach is focused on providing customers the best access to T2S and all related benefits, including significant savings in collateral and liquidity management. We have invested heavily in T2S readiness and it is nice to see it pay off. We thank our customers for their trust and will continue to offer them the best service to succeed in 2015."

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