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Clearstream reports continued growth
09 December 2013
The group sees continued interest in its securities lending and collateral management services
Clearstream's custody business grew 7% in November to
€11.9trn compared to the same period in 2012.
Its German domestic business saw the greatest growth during the
month by increasing its assets held under custody by 8%,
compared with 6% growth in its international business.
Clearstream's securities financing business - including
tri-party repo, securities lending and collateral management -
grew 10% to €602.6bn from November 2012. Year to date, the
business's monthly outstanding is just 1% higher than last
Stefan Lepp, head of global securities financing and member of
the Clearstream executive board said the group is "encouraged"
by the monthly figures, "which show positive developments
across all [Clearstream's] business areas.
"In particular, I am delighted with the 10% increase in our
global securities financing monthly outstanding, which reflects
continued interest and confidence in our securities lending and
collateral management products."
Clearstream settled 10% more international transactions of
which 82% were over the counter and 18% were stock exchange
transactions. In the German market, the firm settled 12% more
transactions than in November 2012, of which 65% were exchange
transactions and 35% over the counter.
The group also saw a 17% increase in its investment funds