Clearstream, a provider of post-trade services for financial services participants, has reported its financial metrics for the month ending December 2015 across each of its four segments of its global business, according to a Clearstream statement.
Last month, Clearstream grew by a factor of 1.5% MoM to $14.5 trillion (€13.4 trillion) in November 2015, while its overall assets also secured a gain of 8.1% YoY from $13.4 (€12.4 trillion) in October 2014.
In terms of December 2015 however, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.4 trillion (€13.3 trillion) – this corresponds to a marginal decline of less than -1.0% MoM from $14.5 trillion (€13.4 trillion) in November 2015. Elongating the coverage to a yearly timeframe however, Clearstream’s December 2015 assets also moved higher by 6.4% YoY from $13.5 (€12.5 trillion) in December 2014.
Moreover, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) fell to $7.8 trillion (€7.2 trillion) in December 2015, up 9.1% MoM from $7.2 trillion (€6.6 trillion) in November 2015.
Meanwhile, securities held under custody in the German central securities depository (CSD) came in at $8.46 trillion (€7.8 trillion) in December 2015, rising 34.4% MoM from $6.3 trillion (€5.8 trillion) in November 2015.
Finally, the year-to-date (YTD) aggregate asset sum up until the month ending December 2015, which comprises Clearstream’s total value of assets under custody in the German domestic CSD and global ICSD business, was unchanged for the month at $14.6 trillion (€13.3 trillion), in spite of growing 9.0% YoY from $13.2 (€12.2 trillion) in December 2014.
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In December 2015, 3.5 million international (ICSD) settlement transactions were processed at Clearstream, unchanged MoM from 3.5 million transactions in November 2015 – of these international transactions however, 83% were over-the-counter (OTC) transactions, while only 17% were registered as stock exchange transactions.
On the German domestic market, CSD settlement transactions in December 2015 were 7.8 million, climbing 5.4% MoM from 7.4 million in November 2015 – however, when measured against its 2014 counterpart, the group also reported a congruent rise of 5.4% rise YoY from 7.8 million in December 2014. This registers as a 62% composition of stock exchange transactions with 38% OTC transactions.
Global Securities Financing
Furthermore, Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during December 2015 again dropped to $587.2 billion (€542.1 billion), down -1.5% MoM from $596.1 billion (€550.3 billion) in November 2015. Its combined services, which include triparty repo, securities lending, and collateral management, also fell by a combined figure of -13.6% YoY from $679.8 (€627.6 billion) in December 2014.
Investment Fund Services
Finally, Clearstream’s Investment Fund Services (IFS) processed 0.79 million transactions during the month ending December 2015, which represented a -1.3% drop MoM from 0.8 million transactions in November 2015. Additionally, IFS processed transactions grew to 9.7 million during the YTD window up to December 2015, corresponding to an increase of 21.2% from 8.0 million during the same interval in 2014.