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Clearstream assets under custody rise 6%
20 March 2014
February data reveals record level of assets
The value of assets under custody held by Clearstream on behalf
of customers registered an increase of 6% to €12.1trn
($16.7trn), compared to €11.4trn in February 2013.
Securities held under custody in Clearstream's international
business as international central securities depository (ICSD)
increased by 5% to €6.4trn, while domestic German
securities held under custody in the German central securities
depository (CSD) rose by 7% to €5.7trn.
In February, 3.7 million international settlement transactions
were processed, a 10% increase over February 2013. Of all
international transactions, 82% were OTC transactions and 18%
were registered as stock exchange transactions. On the German
domestic market, settlement transactions rose 4% to 6.8
million, of which 65% were stock exchange transactions.
For global securities financing services, the monthly average
outstanding in February 2014 reached €581.1bn. The
combined services, which include triparty repo, securities
lending and collateral management, collectively experienced an
increase of 3%. Investment funds services processed 700,000
transactions, a 17% increase.
Jeffrey Tessler, CEO Clearstream said, "Target2-Securities
will transform the post-trade landscape and 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.
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."