Clearstream Sees August 2015 Volumes Retreat Across the Board

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

Last month, Clearstream snapped a lackluster string of volumes, notching a notable uptick across each of its business segments in July 2015.

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In terms of August 2015 however, the value of assets under custody held on behalf of customers registered at Clearstream came in at $14.8 trillion (€13.2 trillion), which corresponds to a slight drop of -2.2% MoM from $15.1 trillion (€13.5 trillion) in July 2015.

Moreover, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) again yielded $8.1 trillion (€7.2 trillion) in August 2015, unchanged MoM from just $8.1 trillion (€7.2 trillion) in July 2015.

Alternatively, securities held under custody in the German central securities depository (CSD) were reported at $6.7 trillion (€6.0 trillion) in August 2015, retreating -3.2% MoM from $6.9 trillion (€6.2 trillion) in July 2015.

Finally, the year-to-date (YTD) aggregate asset sum up until the month ending August 2015, comprising Clearstream’s total value of assets under custody in the German domestic CSD and global ICSD business increased, managed to come in at $14.9 trillion (€13.3 trillion), growing 9.9% YoY from $13.5 (€12.1 trillion) in August 2014.

Settlement

By extension, in August 2015, 3.3 million international (ICSD) settlement transactions were processed at Clearstream, an -8.3% MoM decrease from 3.6 million transactions in July 2015 – of these international transactions however, 80% were over-the-counter (OTC) transactions, while only 20% were registered as stock exchange transactions.

On the German domestic market, CSD settlement transactions in August 2015 fell to 8.1 million, moving -1.2% MoM from 8.2 million in July 2015. This corresponded to a 64% composition of stock exchange transactions with 36% OTC transactions.

Global Securities Financing

In terms of Clearstream’s Global Securities Financing (GSF) services, the monthly average outstanding during August 2015 shrunk to $662.1 billion (€591.7 billion), down -1.5% MoM from $672.3 billion (€600.8 billion). Its combined services, which include triparty repo, securities lending, and collateral management, fell by a combined figure of -3.0% YoY from $685.9 (€613.0 billion) in August 2014.

However, this was partly offset by the GSF monthly average of $690.2 billion (€620.9 billion) during the YTD period up to July 2015, which grew 4.3% YoY over the same YTD period in July 2014 to $662.2 billion (€595.7 billion).

Investment Fund Services

Finally, Clearstream’s Investment Fund Services (IFS) processed 0.8 million transactions during the month ending August 2015, constituting an -11.1% MoM decrease from 0.9 million transactions in July 2015. Additionally, IFS processed transactions grew to 6.7 million during the YTD window up to August 2015, corresponding to an increase of 18.0% from 5.7 million during the same interval in 2014.