Clearstream has reported an increase in volumes across custody, settlement, global securities financing and investment fund services in April.

The overall value of assets under custody held on behalf of customers was up 10% to EUR13.3trn compared to the same period last year, while securities held under custody in the company’s international business increased by 11% to EUR7.1trn. Securities held under custody in the German central securities depository also rose by 10% to EUR6.3trn.

Approximately 3.8 million international settlement transactions (of which 82% were OTC) were processed, a 6% increase over April 2014. On the German domestic market, CSD settlement transactions reached 7.7 million (+18%), 64% of which were stock exchange transactions.

The monthly average outstanding for global securities financing services in April 2015 was EUR628.4bn. Combined services - which include triparty repo, securities lending and collateral management – were up 7% from April 2014.

Investment fund services processed 900,000 transactions in April 2015, a 26% increase over April 2014.

These figures are exclusive of asset volumes serviced on behalf of Citco Bank, which will not be included in Clearstream’s assets under custody volumes nor number of investment fund transactions until the third quarter.

“TARGET2-Securities is just around the corner and the industry is in a very complex transition phase” says Mathias Papenfuß, head of operations and member of the Clearstream executive board. “In addition, regulatory challenges increase the pressure on customers and bind their resources. The next few months will be transformational for the industry.”