The overall value of assets under custody held by Clearstream on behalf of customers registered an increase of five per cent to EUR 12.1 trillion in April 2014 compared to EUR 11.6 trillion in April 2013.
Securities held under custody in Clearstream’s international business as international central securities depository (ICSD) increased by four per cent from EUR 6.1 trillion in April 2013 to EUR 6.4 trillion in April 2014.
Securities held under custody in the German central securities depository (CSD) increased by five per cent from EUR 5.4 trillion in April 2013 to EUR 5.7 trillion in April 2014.
For the period year-to-date April 2014, the combined value of assets under custody in the German domestic CSD and global ICSD business increased by five per cent compared to the same period last year (YTD April 2014: EUR 12.1 trillion; YTD April 2013: EUR 11.4 trillion).
A total of 3.58 million international (ICSD) settlement transactions were processed during the month, a 2 per cent increase over April 2013 (3.49 million). Of all international transactions, 84 per cent were OTC transactions and 16 per cent were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in reached 6.50 million, four per cent less than in April 2013 (6.75 million). Of these transactions, 63 per cent were stock exchange transactions and 37 per cent OTC transactions.
For the period year-to-date April 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by seven per cent compared to the same period last year (YTD April 2014: 43.2 million; YTD April 2013: 40.5 million). The Investment Funds Services business contributed to this growth in the ICSD business as its corresponding transactions registered a 13 per cent increase.
For Global Securities Financing (GSF) services, the monthly average outstanding in April 2014 reached EUR 589.8 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of one per cent over April 2013 (EUR 583.8 billion). The GSF monthly average outstanding has grown by three per cent from the period year-to-date April 2013 (EUR 568.0 billion) to the period year-to-date April 2014 (EUR 582.5 billion).
Investment Funds Services (IFS) processed 0.69 million transactions in April 2014, a five per cent increase over April 2013 (0.66 million). IFS transactions have grown by 13 per cent from 2.59 million processed in the period year-to-date April 2013 to 2.93 million in the period year-to-date April 2014.
Stefan Lepp, member of the executive board of Clearstream and gead of Global Securities Financing, says: “We proceed on our path to adapt our products and services for a world with TARGET2-Securities. Collateral management in particular will benefit from the future European market landscape: T2S creates a pan-European liquidity pool and will facilitate the seamless flow of collateral within this harmonised environment.
“Our strategy is about building the pipelines into T2S and other collateral pools, such as the US, where our improved settlement link into the market with extended deadlines will help our customers to better transfer assets and collateral. Our collateral management solutions for Brazil, Australia, South Africa and Spain are live; we are advancing for Singapore, Canada and Norway – and other markets are to follow.
“The growth in our monthly outstandings confirm the trust our clients place in our collateral strategy which will only come into full bloom when T2S goes live.”