Clearstream, a provider of post-trade services for financial services participants, has just released its financial metrics for the month ending October 2015 across each of its four streams of global business, according to a Clearstream statement.
Last month, Clearstream incurred a tepid -1.5% MoM loss from August 2015, despite seeing its overall assets grow by a factor of 5.7% YoY from $14.1 (€12.3 trillion) in September 2014.
In terms of October 2015 however, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.1 trillion (€13.2 trillion) – this constitutes a rise of 1.5% MoM from $13.9 trillion (€13.0 trillion) in September 2015. Across a yearly timeframe however, Clearstream’s October 2015 assets managed to move higher by 7.3% YoY from $13.2 (€12.3 trillion) in October 2014.
Furthermore, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose to $7.7 trillion (€7.2 trillion) in October 2015, up 1.4% MoM from $7.6 trillion (€7.1 trillion) in September 2015.
Meanwhile, securities held under custody in the German central securities depository (CSD) came in at $6.4 trillion (€6.0 trillion) in October 2015, climbing 1.7% MoM from $6.3 trillion (€5.9 trillion) in September 2015.
Finally, the year-to-date (YTD) aggregate asset sum up until the month ending October 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 $14.2 trillion (€13.3 trillion), despite growing 9.0% YoY from $13.1 (€12.2 trillion) in October 2014.
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In October 2015, 3.4 million international (ICSD) settlement transactions were processed at Clearstream, a 6.3% MoM rise from 3.2 million transactions in September 2015 – of these international transactions however, 84% were over-the-counter (OTC) transactions, while only 16% were registered as stock exchange transactions, unchanged from September 2015.
On the German domestic market, CSD settlement transactions in October 2015 were 7.5 million, unmoved MoM from 7.5 million in September 2015 – however, when measured against its 2014 counterpart, the group saw an -7.4% drop YoY from 8.1 million in October 2014. This registers as a 62% composition of stock exchange transactions with 38% OTC transactions.
Global Securities Financing
By extension, Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during October 2015 shrunk to $664.9 billion (€571.1 billion), down -1.7% MoM from $676.2 billion (€581.3 billion). Its combined services, which include triparty repo, securities lending, and collateral management, fell by a combined figure of -8.0% YoY from $723.1 (€632.2 billion) in September 2014.
However, this was partly offset by the GSF monthly average of $652.5 billion (€609.0 billion) during the YTD period up to October 2015, which grew less than 1.0% YoY over the same YTD period in October 2014 to $648.5 billion (€605.2 billion).
Investment Fund Services
Finally, Clearstream’s Investment Fund Services (IFS) processed 0.70 million transactions during the month ending October 2015, representing a -1.4% MoM decrease from 0.71 million transactions in September 2015. Additionally, IFS processed transactions grew to 8.2 million during the YTD window up to October 2015, corresponding to an increase of 12.3% from 7.3 million during the same interval in 2014.