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Clearstream’s GSF business grows
11 April 2014
The group saw developments across its custody and securities financing business in March
Clearstream’s global securities financing business
grew 2% to €587bn ($815bn) in March compared to the same
period in 2013, according to the firm’s monthly
The division, which includes tri-party repo, securities lending
and collateral management services, had an average outstanding
of €576.2bn in March last year.
The business’s monthly average outstanding has
increased by 3% from the period year to date March 2013 to the
period year to date March 2014 (€576.2trn).
The central securities depository’s custody
business grew 5% to €12.1trn during the month in terms of
value of assets.
In its international business, the firm saw a 3% rise in
securities held under custody to €6.4trn. Custody
securities in the domestic German CSD increased by 6% to
€5.7trn in March.
Year to date, the combined domestic and international CSD
businesses grew 6% compared to the same period in 2013.
Philippe Seyll, member of the executive board of Clearstream
and head of investment funds services, said: "We continue to be
encouraged by our monthly figures as we see continued growth in
all business areas which ultimately support and strengthen each
other as part of an integrated offering, no matter the entry
point to Clearstream.