Clearstream October sec financing up 10%

Clearstream October sec financing up 10%

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Clearstream's global securities financing (GSF) services global monthly average outstanding reached €636.7bn ($792.5bn).

This represents a year-on-year increase of 10% percent for the combined services which include triparty repo, securities lending and collateral management. In October 2013, global monthly average outstanding was €578.7bn.

"This growth trend is very encouraging," said Philippe Seyll, member of the executive board, about the results.

The global securities financing monthly average outstanding has grown by 6% from the period year-to-date October 2013 €572.1bn to the period year-to-date October 2014 €605.2bn.

The overall value of assets under custody held on behalf of customers registered an increase of 4% to €12.3trn in October.

Investment fund services (IFS) processed 0.8 million transactions in October, a 20% increase over October 2013 (0.7 million).

In October, 4.0 million international (ICSD) settlement transactions were processed, a 9% increase over October 2013 (3.7 million). Of all international transactions, 84% were OTC transactions and 16% were registered as stock exchange transactions

"We experienced a great month in Investment Fund Services with a 20% increase in processed transactions, and see the same growth rates across Clearstream," said Seyll.

"Assets under custody remain at a record level of 12.3 trillion EUR, settlement transactions both in the German domestic and the international market peak with growth rates of 18% and 9% respectively, and collateral outstanding is up 6% percent."


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