Clearstream’s February Turnover Mixed, Securities Volumes See Slight Growth

Clearstream's turnover notched a tepid growth across key business segments in February.
Photo: Bloomberg

Clearstream, a provider of post-trade services for financial services participants, has reported its financial statistics for the month ending February 2017, across each of the four units of its global business. The latest statistics were largely mixed on a month-over-month basis, though specific segments did undergo a tepid growth growth, according to a group report.

Looking to February 2017, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.54 trillion (€13.57 trillion) – this constituted a month-over-month growth of 1.2 percent from $14.36 trillion (€13.41 trillion) in January 2017.

In terms of a yearly timeframe, Clearstream’s February 2017’s assets were also higher by a factor of 4.9 percent month-over-month, largely static compared to $13.86 trillion (€12.94 trillion) in January 2017.

Moreover, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose to $7.32 trillion (€6.83 trillion) in February 2017, virtually unchanged month-over-month from $7.3 trillion (€6.80 trillion) in January 2017. The latest figures were also stagnant compared to 2016, vs. $7.18 trillion (€6.7 trillion) in February 2016, or 1.9 percent year-over-year.

Finally, securities held under custody in the German central securities depository (CSD) were on the uptick in February 2017, edging higher to $4.92 trillion (€4.59 trillion), or 1.1 percent month-over-month from $4.86 trillion (€4.54 trillion) in January 2017. This figure also ticked higher over a year-over-year period, coming in at $4.72 trillion (€4.41 trillion) in February 2016, or nearly 4.1 percent year-over-year.

Global Securities Financing

In terms of Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during February 2017 again extended a recent decline to move down to $524.3 billion (€489.4 billion), or 1.1 percent lower month-over-month from $530.3 billion (€495.0 billion) in January 2017.

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 1.8 million transactions during the month ending February 2017, which reflected a fall of 5.3 percent month-over-month from 1.9 million transactions in January 2017 and 12.5 percent year-over-year from 1.6 million transactions in February 2016.

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