Clearstream, a provider of post-trade services for financial services participants, has just released its financial metrics for the month ending September 2015 across each of its four streams of global business, according to a Clearstream statement.
Last month, Clearstream could not secure consecutive monthly gains across its assets under custody. August 2015 saw only a figure of $15.2 trillion (€13.2 trillion), which corresponded to a drop of -2.2% MoM from $15.1 trillion (€13.5 trillion) in July 2015.
In terms of September 2015 however, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $14.9 trillion (€13.0 trillion) – this constitutes a loss of -1.5% MoM from August 2015. Across a yearly timeframe however, Clearstream’s September 2015 assets edged higher by 5.7% YoY from $14.1 (€12.3 trillion) in September 2014.
Furthermore, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) fell to $8.1 trillion (€7.1 trillion) in September 2015, down -1.4% MoM from just $8.2 trillion (€7.2 trillion) in August 2015.
Meanwhile, securities held under custody in the German central securities depository (CSD) were reported at $6.7 trillion (€5.9 trillion) in September 2015, retreating -1.7% MoM from $6.8 trillion (€6.0 trillion) in August 2015.
Finally, the year-to-date (YTD) aggregate asset sum up until the month ending September 2015, which comprises Clearstream’s total value of assets under custody in the German domestic CSD and global ICSD business increased, orchestrated a rise to $15.2 trillion (€13.3 trillion), growing 9.9% YoY from $13.8 (€12.1 trillion) in September 2014.
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In September 2015, 3.2 million international (ICSD) settlement transactions were processed at Clearstream, a -3.0% MoM decrease from 3.3 million transactions in August 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 September 2015 fell to 7.5 million, moving -7.4% MoM from 8.1 million in August 2015. This registers as a 63% composition of stock exchange transactions with 37% OTC transactions.
Global Securities Financing
By extension, Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during September 2015 shrunk to $664.9 billion (€581.3 billion), down -1.7% MoM from $676.2 billion (€591.1 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 $701.4 billion (€613.2 billion) during the YTD period up to September 2015, which grew 1.9% YoY over the same YTD period in September 2014 to $688.2 billion (€601.7 billion).
Investment Fund Services
Finally, Clearstream’s Investment Fund Services (IFS) processed 0.71 million transactions during the month ending September 2015, constituting a -2.7% MoM decrease from 0.73 million transactions in August 2015. Additionally, IFS processed transactions grew to 7.5 million during the YTD window up to September 2015, corresponding to an increase of 15.4% from 6.5 million during the same interval in 2014.