Clearstream’s Assets Deteriorate Across Key Metrics in January 2016

In January 2016, the value of assets under custody was reported at $14.7 trillion, marking a consecutive monthly decline from

Clearstream, a provider of post-trade services for financial services participants, has released its financial metrics for the month ending January 2016 across each of its four segments of its global business, posting generally downtrodden results, according to a Clearstream statement.

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In terms of January 2016, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.7 trillion (€13.0 trillion) – this correlated to another monthly decline -2.3% MoM from $15.0 trillion (€13.3 trillion) in December 2015. Expanding the timeframe to last year however, Clearstream’s January 2016’s assets also moved higher by a factor of 1.6% YoY from $14.4 (€12.8 trillion) in January 2015.

In addition, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) declined to $7.7 trillion (€6.8 trillion) in January 2016, down -5.6% MoM from $8.1 trillion (€7.2 trillion) in December 2015.

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Meanwhile, securities held under custody in the German central securities depository (CSD) were pointed lower in January 2016, crumbling to $6.8 trillion (€6.0 trillion) or -23.0% MoM from $8.8 trillion (€7.8 trillion) in December 2016.

Settlement

In January 2016, 3.3 million international (ICSD) settlement transactions were processed at Clearstream, falling -5.7% MoM from 3.5 million transactions in December 2015 – of these international transactions however, 84% were over-the-counter (OTC) transactions, while only 16% were registered as stock exchange transactions.

On the German domestic market, CSD settlement transactions in January 2016 were 7.3 million, retreating -6.4% MoM from 7.8 million in December 2015 – however, when weighed against its 2015 counterpart, the group also reported a fall of -8.8% YoY from 8.0 million in January 2015. This registers as a 65% composition of stock exchange transactions with 35% OTC transactions.

Global Securities Financing

Furthermore, Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during January 2016 again declined to $586.4 billion (€519.8 billion), down -4.1% MoM from $611.5 billion (€542.1 billion) in December 2015. Its combined services, which include triparty repo, securities lending, and collateral management, also fell by a combined figure of -13.7% YoY from $679.7 (€602.5 billion) in January 2015.

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 0.73 million transactions during the month ending January 2016, which corresponded to a -7.6% drop MoM from 0.79 million transactions in December 2015.

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