Clearstream GSF records 9% growth

Clearstream GSF records 9% growth

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Clearstream's global securities financing (GSF) services recorded a monthly average outstanding of €613bn in August.

The combined services, which include triparty repo, securities lending and collateral management, collectively experienced an increase of 9% over August 2013 to €562.6bn.

The GSF monthly average outstanding has grown by 5% from the period year-to-date August 2013 €570.8bn to the period year-to-date August 2014 €597.9bn.

Clearstream's August settlement transaction figures have remained stable compared to the previous year.

Some 3.1 million international CSD settlement transactions were processed, the same as last year. Most (84%) were OTC transactions and 16% registered as going through a stock exchange.

On the German domestic market, CSD settlement transactions in August reached 6.5 million, which was also stable compared to August 2013 6.5 million. 64% of these transactions were on the stock exchange against 36% OTC.

For the period year-to-date August 2014, the number of settlement transactions (OTC and stock exchange combined) processed for the German domestic CSD and global ICSD business combined increased by 2% compared to the same period last year to 83.2m.

Clearstream recorded a 6% year-on-year increase in assets under custody in August 2014. The overall value of assets under custody held on behalf of customers was €12.2trn, compared to €11.6trn in August 2013.

Securities held under custody in Clearstream’s international business as international central securities depository (CSD) also increased by 6% to €6.5trn in August 2014. Securities held under custody in the German CSD increased by 5% to €5.7trn in August 2014.

The investment funds services business contributed to this growth in the  international CSD business as its corresponding transactions registered a 10% rise year-on-year to 0.7 million transactions. 

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