Clearstream, a provider of post-trade services for financial services participants, has reported its aggregated operational metrics for April 2019, which showed a strong performance when weighed against its counterparts a year ago, with specific segments did undergo healthy growth.
Looking to April 2019, the value of assets under custody held on behalf of customers registered at Clearstream was reported at $15.7 trillion (€14.03 trillion) – this constituted a year-over-year growth of three percent from $15.1 trillion (€13.57 trillion) in April 2018.
Likewise, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to $7.7 trillion (€6.9 trillion) in April 2019, higher by four percent year-over-year from $7.6 trillion (€6.60 trillion).
In a similar vein, Clearstream’s international business processed 4.7 million transactions during the month ending April 2019, which reflected a rise of 26 percent from 3.7 million transactions in April 2018.
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Deutsche Boerse expands settlement business
A similar pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which were on the uptick in April 2019, rising to $5.23 trillion (€4.68 trillion), or one percent higher year-over-year from the year prior.
Finally, Clearstream’s Investment Fund Services (IFS) processed 2.2 million transactions during the month ending April 2019, which reflected a rise of 17 percent year-over-year from 1.9 million transactions in April 2018.
Deutsche Boerse’s settlement arm Clearstream has recently expanded its offering in the funds space by acquiring Swisscanto Funds Centre, the UK subsidiary of Zurich-based financial group Swisscanto.
Clearstream, which also provides post-trade services for financial services participants, agreed to buy 100 percent of SFCL business from Zürcher Kantonalbank. Deutsche Börse-owned international central securities depository has paid a sum in “the high double digit million euro range.”