Clearstream Reports June 2015 Volumes and Settlement Figures

Clearstream reported its settlement figures across all of its business segments, generally yielding an overall strong YoY performance.

Clearstream, a provider of post-trade services for financial services participants, has reported its metrics for the month ending June 2015 across four streams of its global business, according to a Clearstream statement.

Overall, the value of assets under custody held on behalf of customers registered at Clearstream came in at $14.8 trillion (€13.4 trillion) during June 2015, marking an increase of 8.9% YoY from $13.6 trillion (€12.3 trillion) in June 2014.

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Moreover, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) yielded $7.9 trillion (€7.2 trillion) in June 2015, up 10.8% YoY from just $7.2 trillion (€6.5 trillion) in June 2014.

Conversely, securities held under custody in the German central securities depository (CSD) were reported at $6.8 trillion (€6.2 trillion) in June 2015, good for a jump of 6.9% YoY from $6.4 trillion (€5.8 trillion) in June 2014.

Finally, the year-to-date (YTD) aggregate asset sum up until the month ending June 2015, which comprises Clearstream’s total value of assets under custody in the German domestic CSD and global ICSD business increased, orchestrated a move to $14.7 trillion (€13.3 trillion), growing 9.9% YoY from $13.3 (€12.1 trillion) in June 2014.

Settlement

In addition, in June 2015, 3.8 million international (ICSD) settlement transactions were processed at Clearstream, a 5.6% YoY increase from 3.6 million transactions in June 2014 – of these international transactions however, 85% were over-the-counter (OTC) transactions, while only 15% were registered as stock exchange transactions.

On the German domestic market, CSD settlement transactions in June 2015 climbed to 7.6 million, up 20.6% YoY from 6.3 million in June 2014. This corresponded to a 63% composition of stock exchange transactions with 37% OTC transactions.

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Global Securities Financing

In terms of Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during June 2015 reached $671.6 billion (€609.3 billion). Its combined services, which include triparty repo, securities lending, and collateral management, waned by a combined figure of -2.8% YoY to $691 billion (€626.9 billion) in June 2014.

However, this was partly offset by the GSF monthly average of $688 billion (€624.2 billion) during the YTD period up to June 2015, which grew 5.5% YoY over the same YTD period in June 2014 to $652.2 billion (€591.7 billion).

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 0.8 million transactions during the month ending June 2015, constituting a 14.3% YoY increase from 0.7 million transactions in June 2014. Additionally, IFS processed transactions grew to 5.1 million during the YTD window up to June 2015, corresponding to an increase of 18.6% from 4.3 million during the same interval in 2014.

According to Berthold Kracke, Member of Clearstream’s Executive Board and Head of Business Management, in a recent statement on the metrics, “June was a special month in the post-trade industry. After years of preparation, TARGET2-Securities finally went live. The pan-European settlement platform will transform our business model and it is our duty to make this ongoing transition smooth for our customers.”

“The project is a major milestone on our way towards a unified European capital market. And this innovative approach is not limited to Europe only. Just last month we expanded our settlement and custody services for Mexican ‘Cebures’, and the good performance in June encourages us to stay at the forefront when it comes to giving our customers the top service they deserve,” Kracke added.

Earlier this year, Clearstream opened a new office in Zurich, Switzerland, appointing Marco Geisselhardt as its newest General Manager of the office. The new Zurich office opened on April 1, 2015 in a bid to help grow and cater to regional client needs. In particular, the Zurich office now services clients in both Switzerland and Liechtenstein.

Clearstream is a post-trade services provider, owned by Deutsche Börse AG. The group provides settlement and custody as well as multitude of other related services for securities, catering to a wide range of asset classes.

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