Clearstream’s October Turnover Sees Slight Retreat MoM

Following a groundswell of volumes in September, Clearstream's overall securities and settlement took a step lower MoM

Clearstream, a provider of post-trade services for financial services participants, has reported its financial statistics for the month ending October 2016 across each of the four units of its global business, which saw a downtrodden performance MoM, according to a Clearstream statement.

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In terms of September 2016, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.25 trillion (€13.10 trillion) – this was virtually unchanged MoM from $14.28 trillion (€13.12 trillion) in September 2016. Looking at a yearly timeframe however, Clearstream’s October 2016’s assets were lower by a factor of less than 1.0% YoY, largely static compared to $14.40 trillion (€13.23 trillion) in October 2015.

In addition, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose to $7.32 trillion (€6.72 trillion) in October 2016, down -1.9% MoM from $7.5 trillion (€6.85 trillion) in September 2016 – this was also indicative of a similar fall of -2.0% YoY from $7.4 trillion (€6.76 trillion) in October 2015.

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Meanwhile, securities held under custody in the German central securities depository (CSD) were on the uptick in September 2016, climbing to $4.8 trillion (€4.33 trillion), down-2.5% MoM from $4.9 trillion (€4.44 trillion) in August 2016. The figure was even lower YoY, indicative of a decline of -7.5% from $4.9 trillion (€4.68 trillion) in September 2015.

Settlement

In October 2016, 3.1 million international (ICSD) settlement transactions were processed at Clearstream, climbing 3.7% MoM from 2.99 million transactions in September 2016. Measured over its 2015 counterpart, this figure was higher by 14.8% YoY from 2.7 million transactions.

Global Securities Financing

In terms of Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during October 2016 extended a recent decline to move down to $534.4 billion (€491.0 billion), or -2.1% MoM from $545.9 billion (€501.63 billion) in September 2016. The group’s combined services, which include triparty repo, securities lending, and collateral management, also fell by a combined figure of -14.0% YoY from $621.5 billion (€571.1 billion) in October 2015.

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 1.5 million transactions during the month ending October 2016, which corresponded to a fall of -22.7% MoM from 1.94 million transactions in September 2016.

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