Clearstream Sees Mixed Metrics in June, Solid YoY but Weak MoM

The post-trade services provider has shown an overall year-on-year growth trajectory.

Clearstream, a provider of post-trade services for financial services participants, has reported its aggregated operational metrics for the sixth month of the year, June. The results show a mixed performance for the month – on a yearly comparison, the results are overall positive, but month-on-month, the company recorded a weak performance.

During June, the value of assets under custody held on behalf of customers registered at Clearstream was reported at €13.97 trillion. While this is higher on a year-on-year comparison by one percent, it is lower than the value reported in May by 0.5 percent, which was €14.04 trillion.

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Taking a look at securities held under custody in Clearstream’s international business as an international central securities depository (ICSD), in June the value rose slightly to €6.86 trillion in June 2019‎, higher by three percent year-over-year from €6.69 trillion.

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Clearstream metrics struggle on MoM comparison

Again, although June’s result is higher on a year-on-year comparison, it is still lower when compared to May. As Finance Magnates reported, during the month, Clearstream noted a value of €6.88 trillion of securities held under custody.  Therefore, June’s value has fallen slightly by 0.3 percent from May.

As was the case in May, the securities held under custody in its German central securities depository (CSD) showed a different trend. In June, the total value was €4.62 trillion. When comparing this against June of 2018, which reported a figure of €4.71 trillion, it is lower by two percent.

Nonetheless, the monthly declining trend still holds true for this segment, as May of 2019 achieved a value of €4.66 trillion. This represents a drop of 0.9 percent month-on-month. 

Concluding this analysis, Clearstream’s Investment Fund Services (IFS) processed 2.0 million transactions during the month ending June 2019‎, which reflected a rise of one percent year-over-year from 2.0 million transactions in June 2018. It is also lower than May’s figure of 2.4 million transactions.

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